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GUJARAT MINERAL DEV CORPGUJARAT MINERAL DEV CORPGUJARAT MINERAL DEV CORP

GUJARAT MINERAL DEV CORP

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GMDCLTD trade ideas

Stock Alert: GMDC Ltd🔎 Chart Pattern: GMDC Ltd is currently forming a bullish pennant on the weekly timeframe. This is a strong technical signal that a breakout may be on the horizon, indicating a potential upward trend. 💰 Dividend: The company is also offering a healthy dividend payout on 20th September. It’s a great opportunity for income-focused investors! 📈 Potential: If the stock breaks out of the pennant pattern with strong volume, it could be a great entry point for long-term investors. The potential upside could be nearly 100% returns in the long-term view! 🚨 Action: Keep an eye on the breakout with good volume before entering. This could be a fantastic opportunity to invest in a fundamentally solid and technically strong stock! As always, do your own research or consult a financial advisor before making any decisions.
NSE:GMDCLTDLong
by TechnoTrader10
GMDC - TGT 502-550 DT 04.05.2024Gujarat Mineral Development Corporation Ltd. is an interesting chart with following 1. RSI on all time frames above 60 2. Narrowing Bollinger Bands on weekly chart 3. Price gain with Green Marubozu candle with high volume on daily chart 4. both SRS and ARS above zero 5. Close crossing last week's and last month's high Attractive RIsk reward with major support near 402-415 zone and TGT 502-550 zone lets see how it evolves Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
NSE:GMDCLTDLong
by rajivrajeev
What do you think of this swing trading approach?Hi TV community. This view is based on my own approach to swing trading. METHOD Select 60 PSU stocks Trade only on the Weekly Timeframe Exit trade when price hits 6.8% over entry price. (The 6.8% corresponds to one year FD interest rate of SBI) There is no concept of stop loss with this approach as we give 52 weeks time for the stock to hit TP level of 6.8%. In most cases, TP level will be hit well within that period. OPPORTUNITIES After taking out all trading holidays there are 50 weeks of opportunities every year. So, with 60 stocks you will have hundreds of opportunities in 50 weeks. I have personally experienced that this presents ample opportunities for regular trades. Since I trade only on PSUs, even if price slips for a couple of months, then also there is no stress because I know I will get dividend while waiting for price to hit my target price. RULES THAT I FOLLOW My capital is always 1,00,000 per trade. Profit target is always 6.8%. ADVANTAGES This approach ensures that trading is very organised and systematic as the universe of stocks consists of fundamentally strong ones. As trading is on weekly time-frame, it helps in relaxed trading. Trading rules ensure that reward and waiting period are known in advance - so expectations are always grounded. Because the trades are only on PSUs, bigger capital can be deployed per trade with confidence. This discipline ensures that trading is approached with a business-like mindset. So, as an ex-Banker, I always approach every trade with safety in mind and found that only trading PSUs as per the approach outlined above has helped me be profitable in the stock market. Hope this idea makes sense and appeals to some of you. All the best with your trading.
NSE:GMDCLTDEducation
by PriceCatch
GMDCLTD | Good for Long |NSE:GMDCLTD CMP: 434.8 Reason for Trade : Near support Area Entry : Cmp or near Support 420 Stop Loss: According to one's Risk Reward ratio #Study, Learn & Earn. If you love this post please like and comment your thoughts below. That will be a great motivation for me to post similar ideas ahead. Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action
NSE:GMDCLTDLong
by Art_of_charting_Knowledge
GMDCLTD - Long Setup, Move is ON..NSE:GMDCLTD ✅ #GMDCLTD trading above Resistance of 471 ✅ Next Resistance is at 588 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.
NSE:GMDCLTDLong
by Sandeep_Aggarwal
GMDCLTD bullish; above 461? - Monday 8 Jan. The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below... SWING Trading Strategy: Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) INTRADAY Trading Strategy: 1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buy in hope of another 2% upmove intraday. "High Risk Traders" patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). Safe traders with minimum risk profile wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again. Both Safe Traders/High Risk Traders book profits at this stage This do not constitute, financial, investment, trading, or other types of advice or recommendation.
NSE:GMDCLTDLong
by JJ_Breakouts
GMDC Healthy Uptrend with a Small Breakout – Swing TradeGMDC is currently showing promising signs of a healthy uptrend, marked by a recent small breakout. This breakout has been crucial in sustaining the stock through the last market correction, and the price action is further supported by the 50-day Simple Moving Average (SMA). Breakout Analysis: The small breakout witnessed in GMDC is a positive indication of underlying strength in the stock. Although not a large base breakout, the fact that the stock has been able to weather recent market corrections is a positive sign for traders. This breakout suggests that the bulls are in control, and the stock may be gearing up for a sustained move to the upside. Uptrend Sustainability: One of the key factors supporting GMDC's current uptrend is its ability to hold above the 50-day SMA. The stock has consistently found support at this crucial moving average, indicating that the trend remains intact. Traders often consider the 50-day SMA as a reliable level for assessing the health of an uptrend, and GMDC's ability to sustain above it is a bullish signal. Volume Analysis: While today's volume is not exceptionally high, it is essential to consider the context. In the case of GMDC, the breakout is not a large base breakout, and hence, a substantial increase in volume may not be expected immediately. The relatively lower volume could be attributed to the nature of the breakout. However, traders should continue to monitor volume levels as the trade progresses, as increasing volume can provide confirmation of a strengthening trend. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own research and consult with a financial advisor before making any trading decisions.
NSE:GMDCLTD
by TTS007