Potential Trade Opportunity in NMDC

NMDC presents a potential trade opportunity and the rationale is as follows.
1) Price broke out of the descending trendline with good volumes.
2) Price consolidated for 12 trading sessions near the previous resistance and has given a breakout with good volumes.

We can target for a 4%, 8% and 12% with an initial small risk of 4% (trailing stoploss to be followed later)

THIS IS NOT A CALL, CHART IS SHARED AS A KNOWLEDGE MATERIAL TO BE USED ONLY FOR EDUCATIONAL PURPOSES