On the verge of breakout ✌✌✌This scrip is expected to give breakout as it is on the verge of breakout. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
GMDCLTD trade ideas
GMDC: ENDING DIAGONALA formation of ending diagonal spotted on GMDC chart. Buy with SL of 62 for tgt of 81-82. Stock can break the recent highs.
GMDCLTD, Trendline & Resistance Breakout Setup for MondayAll levels mentioned on chart.
Thanks
Piyush Gupta
Learn & Earn
GMDC - 1.8yr C&H Breakout w/volume
Shot up before Mgmt Concall on 27th Aug. Encouraging comments by the mgmt. Company moving to Dynamic Pricing for their Lignite Sales going forward. This will lead to much better prices. Thermal Coal prices are up by ~ 75% YOY. About 70% of GMDC sales is from Lignite, there is huge scope for profits and a possible re-rating of the stock.
BUY GUIDANCE:
Never buy before 3PM . I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
GMDCLTD support near 61.8% Fibonnaci levels and retracementCompany : GMDCLTD
Entry Price : 66.95
Stoploss : 60.25
Target 1 : 73.6
Target 2 : 77
One of my biggest lessons market taught me, read description.I always wanted more from the swing trades I took and I failed to recognise the right target for my trade which many times lead to the stock going down from a major resistance or a trend reversal because of the resistance zone because of which i had to lose a winning trade many times and with time and practice i realised what is best for me is to sell that stock in a major resistance if there is no sign if it will break the resistance such as accumulating volume, anyway i can buy the stock back if it manages to break the resistance , in the reference chart also we can see two major trend reversals because of the resistance.
Right time to grab GMDCLTD for 10%Trend reversal and acceleration towards 20MA
Buy @CMP 69 for target of 76
Gujarat Mineral Development Corpn Ltd - breakout Gujarat Mineral Development Corpn Ltd - breakout from parallel channel pattern + Breakout from resistance + Retested
StopLoss below the trendline
GMDCLTD - BULL RUN
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➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
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GMDC Cmp 78.25 dated 11.6.2021GMDC Cmp 78.25 dated 11.6.2021
1. Flag Pattern on chart breakout @ 75 already
done with volume.
Buy for a tgt of 85 & 98 SL 70
It is just a view, pls trade at your own risk.
GMDC - Flag BOBuy GMDC at CMP 78.25 for the short term target 83.
Once it crosses and sustains above 83 can be expected 90/95/100
Trade at your owns risk
Happy Trading!
@nchitteti
Gujarat Mineral Development Co.Ltd. - Up-Flag on Daily ChartThe daily chart of GMDC was in a consolidation of one month since 12th May 2021. This consolidation was preceded by an impressive rally. Price gave an upward breakout to the consolidation on a daily candle dated 11th June 2021 and closed at Rs.78.25. This breakout is supported by massive increase in volume. Here I anticipate the price target of Rs.103 in a time frame of about 12-15 daily candles. I suggest the stop loss at Rs.75. The resultant risk-reward ratio is 1:8. The stop loss level of Rs.75 should be followed for the 4 daily candles starting from 14th June 2021. Thereafter, the profit booking/ exit decision should be based on attainment of the price target or downward crossover of 26 EMA by 5 EMA whichever happens earlier.
NOTE: This idea is an attempt to predict the future price movement. Investment decision based on this idea, if any, shall be solely at the risk of the investor.
GmdcltdStock now giving breakout from parallel channel nd retest . Also we can see bollinger band blast on weekly time 50 sma cross 100 sma now we can buy for target 82 & 83 thT is 200 sma .
BreakoutSymmetric triangle formation and above 75-76 level, it would be a breakout.
One barrier at 85-88 levels after that direct 115.
Go long once the resistance is broken.
Deliverable Quantity (gross across client level)
5,22,835
% of Deliverable Quantity to Traded Quantity
33.28 %
Commodities stocks are rising, don't miss the opportunity.
Looks good. but it might test your patience.
