GMDC is placed in sweet spot on weekly chartGMDC is placed in sweet spot on weekly chart after completing perfect Rounding Bottom Pattern and
multiple Long term Trendline break out .
GMDCLTD trade ideas
GMDC - Crossing core resistance levelsScrip should manage to cross the crucial resistance levels marking new highs if candlestick pattern of three white soldier is completed :)
Breakout from resistance line and trendline with higher volume surge and consolidation in "Overbought* situation like seen earlier can take it to new highs
Bullish strength affirmation
1) SMA - 15 SMA is above 200 SMA and Price range has gone below 15SMA so for now, there is strength in the scrip movement
2) Golden cross - As marked in chart, Short-term moving average (such as the 15-day moving average) breaking above its long-term moving average (such as 50-day moving average) The golden cross indicates a bull market on the horizon and is reinforced by high trading volumes however, high trading volume is yet to be seen as prior for reinforcement to be gained
Still, Invested with the company due to its good fundamentals
Gujrat Mineral(GMDC) can be a multi baggerFrom the last few months, the volumes in GMDC are surging and celebrity investors also invested. Buy for multiple targets
GMDC - Ascending Triangle Breakout - DailyBreached Ascending Triangle on Daily basis and forming Cup and Handle on Weekly Basis. Also short term MAR personality is breaching.
Weekly Charts -
GMDC - Cup&Handle - WeeklyIt is forming Cup and Handle on weekly Charts.
Also breaching Ascending Triangle breakout on Daily charts
Daily Charts -
GMDC - Will bulls manage to cross the crucial resistanceBulls had managed to upbeat the bears resulting in scrip moving upward channel towards greater 52-week highs after rebound
However, Day chart has shown long upper shadow which indicates that the Bears have made an impressive comeback after bulls controlled the trading game for the day!
TP short = Resistance (C) thereafter, scrip can manage to go long if breaks the crucial resistance
SL depending upon your risk appetite
Company with good fundamentals and also, can see major advantage after GST
good porfolio stock gmdc is attempting a breakout from a stiff resistance zone of 116-20 (can also see cup n handle )
rsi not givng support ! ???
good portflio stock with anticipated support from budget expected !!
can giv 50-60 % returns !
GMDC breakoutGMDC has given a triangle breakout. SL 135, TGT 6 MONTHS 210.
Disclaimer: I am a novice at charting and this chart is for educational purpose only, Views and opinions are welcome.
Low risk TradeTrading above previous high and chart suggesting uptrend may continue. SL-114 and 136 short term target achievable
