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nmdc stock target: Stock Radar: Up 30% in 3 months! This iron ore stock is a top buy after recent fall

Short-term traders can look to buy the stock on the decline as it is now trading near crucial support levels. Hence, some bounce back towards Rs 160-170 levels could be expected, suggested experts. The stock corrected largely in line with markets. It fell nearly 3% in a week compared to the Nifty50, which was down more than 1%. In terms of price action, the stock is trading below 5,10-DMA on the daily charts but above 20,30,50,100 and 200-DMA.

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