Take entry at 165-166
target : 179.25
Strong SL 161.90
179 is Major resistance for this counter. Market is in uptrend now so we can trade this for 10-13 points profit till resistance. 99% chance of downtrend from 179 level. So don't wait for next move.
If one daily candle close above 187 then surely it will reach to 220.
the stock has retested the support line after break out. cmp is 161.6
50MA has crossed over 200 MA and is looking up.
could go for long position.
the Stock has strong support /resistance at 160 levels as this has acted as resistance multiple time and the stock has broken out. further it has retested the level twice now from upper side.
The stock is seen as...
SWING TRADE OPPORTUNITY
Stock has contracting and making triangular pattern from last year april and finally gives breakout in april this year with very good volumes. And from May, the stock is in consolidation phase which seems to an end. As soon as it comes out of consolidation its major resistance is 225, which is 28% from this price. Company is fundamentally...
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
GMDC is looking good on chart. Stock is consolidating from 1 year in a range. In past stock was got triple after breakout from consolidation. Can expect good move this time also. Keep on radar for closing above 171.
BUY - GMDC LTD
CMP - Rs. 167
Target - 1: Rs. 216
Target - 2: Rs. 251
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Timeframe - 4-8 months
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Technicals - Bullish Triangle Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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Chart -> GMDC Limited Daily
A simple line, which acted as support and resistance before. Today broke out with volume.
CMP: 167
Good Range: 150 to 165
Target: 186.50, 218.50
SL: 148.50 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before...
Worth taking risk.
GMDC will clock highest profit ever. huge dividend on card, next Coal India in making.
Owned by Govt of Gujrat.
DIS: I have invested! my opinion for myself to stay long for a target of $50 *82 = ?
I am NOT a SEBI REGISTERD Person take risk on your own.
Look at the beautiful triangle pattern guys enter ones at Breakout it may gives a drastic move guys
Follow on support for more breakout and retesting stocks.
GMDC was in downtrend since last 1.5 years. Stock was forming lower low and lower high on weekly time frame. From 2-3 weeks stock is not breaking its previous low and trying for starting of an upward journey. Keep on radar for weekly closing above 162 to form an uptrend pattern.
