GMDC - Revised

CMP 44.2
The last time I drew my lines, I had disregarded the low on 1st June of 34.2 due to which my stop loss was hit.

The revised base line in the Ascending Triangle shows that the support was was actually not breached. However, Stop loss is our best friend at nervous points. Falling is alright but to be a winner one should accept the mistake and move on with a learning.

MACD is positive at the moment with a bullish crossover.

Now , we can also see that a Golden Cross looks very likely in the coming days which would only add on to its momentum.

Fundamentally also the stock is strong.

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I believe in keeping the chart simple with minimal drawings & easy to interpret.
So kindly express any disagreement & improvements so that we learn & earn together.

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Pennant being formed. Need to wait for a breakout.
Today's market has crashed because of China Tensions. This situation is beyond technical analysis. I suggest to book losses and prevent yourself from further unpredictability.

No doubt good stocks will recover but the time frame isn't certain. Also if you sit with your cash ,you can reenter at lower levels.

For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.

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