NSE:NMDC has already broken out of its relative strength charts vs Nifty 50 and vs Nifty 500.
The volumes in its own chart are at an almost all-time high, signalling huge institutional interest.
The only thing that can temporarily stop this stock is this trendline in the Relative Strength chart vs CNX Commodity. We are already all-in on this, and watching closely.
NSE:HINDPETRO is yet to break its own long term trendline. But, its Relative Strength Charts have given an early breakout, potentially for a long term upside.
This too in an environment when other PSE and Commodity Stocks are outperforming the index. We have already added long this week in this counter.
