🕗Updated at 7:00 PM IST 13 May 2026
Why This Intraday Breakout Stock Can Outperform Today?
At Chanakya Ni Pothi, India’s oldest investment & IPO research weekly with a legacy of 33+ years, we bring you fresh “Breakout Stock Today” from Paresh Gordhandas — actionable Intraday stock recommendations for today, before market opening.
NMDC Intraday Breakout Strategy Today
Trade Setup
| Instrument | Trade | Buy Zone | Target | Stop Loss |
|---|---|---|---|---|
| NMDC | Buy on Dips | Rs. 89 – 90 | Rs. 93 / 95 | Rs. 87 |
| NMDC | Breakout Buy | Above Rs. 95 | Rs. 100 / 106 | Rs. 91 |
| NMDC | Sell Below | Rs. 87 | Rs. 84 / 79 | Rs. 90 |
Why This Trade?
NMDC closed at Rs. 91.11 with a sharp gain of 5.18%, witnessing strong buying momentum after sustaining above major moving averages. The stock has rallied over 42% on yearly basis and continues to maintain bullish structure across all major timeframes.
The stock is showing:
| Trend Type | View |
|---|---|
| Short-term trend | Bullish |
| Medium-term trend | Bullish |
| Long-term trend | Bullish |
Price is:
• Trading above 20DMA, 50DMA, 89DMA and 200DMA
• Sustaining above important support zone near Rs. 89–87
• Approaching major breakout resistance near Rs. 95–100 zone
• Trading near upper Bollinger Band indicating strong momentum activity
Indicators suggest:
• RSI at 61.67 → bullish momentum remains healthy
• MACD remains positive despite minor histogram weakness
• ADX at 17.47 → trend strength gradually improving
• Stochastic indicators showing momentum acceleration
• SAR at Rs. 86.38 → strong bullish support base
• Momentum indicator at 6.04 → positive price acceleration continues
👉 Conclusion:
NMDC continues to display strong bullish momentum supported by trend alignment across short, medium and long-term charts. The stock is now approaching a key breakout area near Rs. 95.
Best strategy remains buy-on-dips near support levels or aggressive breakout buying above Rs. 95 confirmation.
What is Intraday Trading? (Simple Meaning)
Intraday trading means buying and selling stocks within the same trading day to benefit from short-term price movements.
How Intraday Trading Works in India?
Traders take positions during market hours and square off before market closing time. Technical levels, momentum indicators and price action play an important role in identifying intraday opportunities.
Key Intraday Levels
| Level Type | Price |
|---|---|
| Pivot Point | Rs. 89.78 |
| Immediate Support | Rs. 87.75 |
| Strong Support | Rs. 84.40 |
| Immediate Resistance | Rs. 93.13 |
| Strong Resistance | Rs. 95.16 |
| Major Breakout Zone | Rs. 95 |
Technical View
| Indicator | Observation |
|---|---|
| RSI | 61.67 (Bullish momentum) |
| MACD | Positive but slightly cooling |
| ADX | 17.47 (Trend improving gradually) |
| StochRSI | Momentum strengthening |
| SAR | Rs. 86.38 (Bullish support) |
Breakout Strategy
| Scenario | Action |
|---|---|
| Above Rs. 95 | Fresh breakout buy possible |
| Sustains above Rs. 100 | Rally may extend toward Rs. 106+ |
| Below Rs. 87 | Intraday weakness may emerge |
| Below Rs. 84 | Selling pressure may intensify |
Trading Meaning
NMDC is witnessing sustained buying momentum after a strong price breakout and continued trend support from moving averages. The stock is now nearing an important resistance cluster near Rs. 95–100 where fresh momentum breakout may emerge if volumes remain strong.
Vaishali Parekh’s stock recommendations for today
Regarding stocks to buy today, Vaishali Parekh recommended these three buy-or-sell stocks: Fortis Healthcare, Eternal, and Goa Carbon.
1] Fortis Healthcare: Buy at Rs.970, Target Rs.1000, Stop Loss Rs.960;
2] Eternal: Sell at Rs.248, Target Rs.238, Stop Loss Rs.255; and
3] Goa Carbon: Buy at Rs.432, Target Rs.455, Stop Loss Rs.426.