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NMDC Steel share price jumps 6%; what's next as experts see weakness in technical chart | Support, resistance
Source: Livemint — Markets · 2 hr ago
Summary
NMDC Steel’s stock climbed over 6% as Indian markets rallied and sentiment in the steel sector improved. The company also added a new government director. Analysts noted that the share price faces resistance around ₹42‑₹43 and support near ₹39.
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From the original report
NMDC Steel shares rose more than 6% on Thursday amid a broad rally in Indian equities and improving steel-sector sentiment. HRC prices increased, while the company also appointed Sarita Chauhan as a government director. Analysts cited resistance near ₹42–43 and support around ₹39.
Excerpt from Livemint — Markets.
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