HARSH10621

GMDC | SWING TRADE

Long
NSE:GMDCLTD   GUJARAT MINERAL DE
SWING TRADE OPPORTUNITY

Stock has contracting and making triangular pattern from last year april and finally gives breakout in april this year with very good volumes. And from May, the stock is in consolidation phase which seems to an end. As soon as it comes out of consolidation its major resistance is 225, which is 28% from this price. Company is fundamentally strong and metal sector also done seems good from last 6 months.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.