Volatility 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...
📌#Breakout Attempt ✅Keep in Focus GMDCLTD + Great accumulation Volumes + Tight range with dried up Volume + Trading above Key EMAs
Multi 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 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.
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....
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 ✅Keep on Radar GMDCLTD + Trading at ATH + Big accumulation Volume + Strong Relative Strength + Volume dry up during the halt + Trading above Key EMAs
GMDCLTD is breaking a 15 year close and reaching to All time high on good volumes and RSI
GMDC is providing a very good opportunity to go long. Buy above 155 for a target of 244 in the next 1-3 months
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....
GMDC 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
Stock is trading near its long term resistance, follow chart for proper entry and exit levels. Weekly BO with massive volume spike.
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 in a parallel channel from quite a long term. Wait for next few weeks performance, let it break and retest the supply line.
In 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.
Super fundamental with technical breakout, dont miss this gem to keep in your portfolio
Strong 1year breakout RSI above 60 and rising Above EMA 40
GMDC has formed double bottom pattern on monthly time frame. Keep on radar. Stock is also trading near 52 week high zone.