Inverted hammer candle is know to make trend reversal. That too formed at double bottom support . Buy in bad time and sell in good time has been suggested by top notch investment players.
Scrip 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...
Bulls 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...
Gujarat Mineral Development Corp. Ltd. engages in the development of mineral resources. It operates through Mining and Power segments. Its products include lignite, fluorspar, manganese, silica sand, limestone, bentonite, and ball clay. The company was founded in May 15, 1963 and is headquartered in Ahmedabad, India.
GMDCLTD
