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): 10.00Second Target: 13.00Final Target (Long-term Potential): 17.00+🔻 Stop-Loss: Below 8.50, as a drop below this level invalidates the bullish setup.