SELL NMDC CMP 176-177 TARGET 165- 160 SL 180 CLOSING BASIS

  POINTS TO FAVOUR OUR TRADE

NMDC HAS BROKEN DOWN FROM CLASSICAL HEAD AND SHOULDERS PATTERN.
CURRENTLY IN PULLBACK MODE.
NOT ABLE TO PIERCE NECKLINE IN LAST 4 TRADING SESSIONS.
LIKELY TO ACCELERATE FALL BELOW 172.
VOLUME PATTERN SUGGEST HIGH VOLUME BREAKDOWN FOLLOWED BY LOW VOLUME PULLBACK THAT WONT LAST LONG.