Pattern Resetting 📌Resetting
✅ Keep in Focus
GMDCLTD
+ Bouncing From 50 EMA
+ Small candles at the Falling TL resistance.
+ Currently at 20EMA Support
GMDCLTD trade ideas
GMDCLTD - Perfect example of Multiyear BO StockGMDCLTD - Perfect example of Multiyear BO Stock.
This is not a buy sell reccomdation. This is for my learning and recording purpose.
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GMDCLTDVolatility Contraction Pattern is popularized by Mark Minervini, who is a two times US Investing Champion. Last year he won the championship with a record-beating 300+% in the year. He primarily uses VCP for his trading setups. It is a twist on the ascending triangle pattern with some variation.
It has the following characteristics:
The Stock must be in stage 2 uptrend.
A period of price consolidation must take place in thebase.
Price consolidation occurs after a stock has moved up in the price, the consolidation (or correction) is a constructive chart pattern that allows the stock to digest the bullish price movement.
Price volatility must contract through the base (from left to right).
During this period of price consolidation the stock price will correct.
Price must correct through a series of smaller contractions.
Each contraction should be tighter than the last, representing the absorption of more weak holders. Ideally this pattern has between2-4 contractions.
Breakout Attempt📌#Breakout Attempt
✅Keep in Focus
GMDCLTD
+ Great accumulation Volumes
+ Tight range with dried up Volume
+ Trading above Key EMAs
Multi year breakoutMulti year breakout with huge raise in volumes.
Stock retested the breakout levels on weekly chart and bounced back again with good volumes.
Short term trendline breakout on daily chart.
GMDCLTD (Watchlist Idea)GMDCLTD broke out of a 72 week base and has moved quite strongly post that.
Its a good addition to watchlist for some time ahead as it may form a base and give another entry point.
GMDCLTD - Long Setup, Move is ON..NSE:GMDCLTD
✅ #GMDCLTD trading above Resistance of 375
✅ Next Resistance is at 471
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
GMDCLTD Formed pole & flag pattern. Also gave breakout of multiple InsideBar, with strong volume. Looks good for swing trade /Short term investment.
Trading at 317
Keep sl at 260
Target 381/442/508
Ascending Triangle Pattern 📌Ascending Triangle Pattern
✅Keep on Radar
GMDCLTD
+ Trading at ATH
+ Big accumulation Volume
+ Strong Relative Strength
+ Volume dry up during the halt
+ Trading above Key EMAs
GMDCLTD: 15 Year BreakoutGMDCLTD is breaking a 15 year close and reaching to All time high on good volumes and RSI
Getting ready for the good upside moveGMDC is providing a very good opportunity to go long.
Buy above 155 for a target of 244 in the next 1-3 months
GMDCLTD - Long Setup, Move is ON..NSE:GMDCLTD
✅ #GMDCLTD trading above Resistance of 278
✅ Next Resistance is at 375
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
GMDC Weekly TFGMDC has given a strong weekly close above the descending TL (Blue )
and also trading above 10 weeks close.
Can expect a move up to 186 and 228.
SL 135-137
GMDC LtdStock is trading near its long term resistance, follow chart for proper entry and exit levels. Weekly BO with massive volume spike.
Bullish on GMDC LTD Swing stock for week:- GMDC LTD
Buy above 225+
SL 205
TARGET 390+
SECTOR #MINING #POWER
Disclaimer:-This is not a buy and sell tip it's only for educational purpose analysis.we are not responsible for your profit and loss.
#Swastik_capital
GMDCLTD --- Drop or Hop??GMDCLTD in a parallel channel from quite a long term.
Wait for next few weeks performance, let it break and retest the supply line.
GMDCLTD - Weekly AnalysisIn the Weekly Chart of GMDCLTD ,
we can see that, it has given 15 years Range Breakout.
Let it retest and then Enter with SL and Targets.
Expected momentum is shown in chart.
GMDC 195 TGT 226 250 270 300Super fundamental with technical breakout, dont miss this gem to keep in your portfolio
GMDC: Double bottom breakout on MTFGMDC has formed double bottom pattern on monthly time frame. Keep on radar. Stock is also trading near 52 week high zone.
GMDCLTD short term bullishTake entry at 165-166
target : 179.25
Strong SL 161.90
179 is Major resistance for this counter. Market is in uptrend now so we can trade this for 10-13 points profit till resistance. 99% chance of downtrend from 179 level. So don't wait for next move.
If one daily candle close above 187 then surely it will reach to 220.
Guj Min Dev Corp - support testedthe stock has retested the support line after break out. cmp is 161.6
50MA has crossed over 200 MA and is looking up.
could go for long position.
the Stock has strong support /resistance at 160 levels as this has acted as resistance multiple time and the stock has broken out. further it has retested the level twice now from upper side.
The stock is seen as consolidating in a small range of 159-161 in the last 2 days in lower time frames.
My idea would be to go long above 162.60. the stock could see upside of 177/187/203 with Stop loss at point below 50 MA.(153-154)
an upside if 10-25% seems possible with a small stop loss. the R/R seems favourable
NB: I am not a SEBI registered RIA and this is my out look and not an advice to trade. please do your own due diligence before investing
