Breakout Attempt📌#Breakout Attempt
✅Keep in Focus
GMDCLTD
+ Great accumulation Volumes
+ Tight range with dried up Volume
+ Trading above Key EMAs
2.81%
31.80INR
12.157BINR
32.276BINR
76.885M
About GUJARAT MINERAL DE
Sector
Industry
CEO
Roopwant Singh
Website
Headquarters
Ahmedabad
Employees (FY)
1.44K
Founded
1963
ISIN
INE131A01031
Gujarat Mineral Development Corp. Ltd. engages in the development of mineral resources. The firm operates through Mining and Power segments. Its products include lignite, bauxite, fluorspar, manganese, silica sand, limestone, bentonite, and ball clay. The company was founded on May 15, 1963 and is headquartered in Ahmedabad, India.
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 - Trade set up1. 16 Months consolidation
2. Trend - Bullish
3. Strength - Strong
4. Breakout - Confirmed if close today above resistance
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.
D
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
See all ideas
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