Technical analysis by aliaezaaz about Symbol NMR: Buy recommendation (3/24/2025)

📌 Market Overview: The price has been in a downtrend, forming a descending channel. Currently trading near 9.20, with 10.00 acting as a key resistance. A bullish breakout from the descending channel appears to be forming. RSI breakout above trendline resistance suggests increasing bullish momentum. 📈 Trade Plan: Long Position (BUY Setup) Entry: At Current Market Price (CMP) ~9.20 🎯 Take Profit Targets: First Target (Resistance Level): 10.00 Second Target: 13.00 Final Target (Long-term Potential): 17.00+ 🔻 Stop-Loss: Below 8.50, as a drop below this level invalidates the bullish setup.