GMDC - TGT 502-550 DT 04.05.2024
Gujarat Mineral Development Corporation Ltd. is an interesting chart with following
1. RSI on all time frames above 60
2. Narrowing Bollinger Bands on weekly chart
3. Price gain with Green Marubozu candle with high volume on daily chart
4. both SRS and ARS above zero
5. Close crossing last week's and last month's high
Attractive RIsk reward with major support near 402-415 zone and TGT 502-550 zone
lets see how it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
1. RSI on all time frames above 60
2. Narrowing Bollinger Bands on weekly chart
3. Price gain with Green Marubozu candle with high volume on daily chart
4. both SRS and ARS above zero
5. Close crossing last week's and last month's high
Attractive RIsk reward with major support near 402-415 zone and TGT 502-550 zone
lets see how it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Disclaimer
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