NMR Trade Setup📌 Market Overview:
The price has been in a downtrend, forming a descending channel.
Currently trading near 9.20, with 10.00 acting as a key resistance.
A bullish breakout from the descending channel appears to be forming.
RSI breakout above trendline resistance suggests increasing bullish momentum.
📈 Trade Plan: Long Position (BUY Setup)
Entry: At Current Market Price (CMP) ~9.20
🎯 Take Profit Targets:
First Target (Resistance Level): 10.00
Second Target: 13.00
Final Target (Long-term Potential): 17.00+
🔻 Stop-Loss: Below 8.50, as a drop below this level invalidates the bullish setup.