GMDC POSITIONAL VIEWIN DAY CHART GMDC IS SHOWING FLAG AND POLE PATTERN WHEN IT BREAKS THE THE TARGET WILL BE 83,100,120
GMDCLTD trade ideas
Long term Trend Reversal- GMDC was in a long term down trend.
- Reversed the pattern on weekly pattern.
- Long with a stop of 64
GUJRAT MINERAL - WEEKLYGUJRAT MINERAL - WEEKLY
Great volume activity happened in past weeks.
Above 73 can be a start of new trend.
Targets as mentioned which may also react as resistance.
By. - Rahul_Mathur
GMDC LongPosional can
Buy around Rs.67.70-63 with a stop loss of Rs.60. Clbs On the upper side Levels Rs.77-80 .
GMDC given channel breakout in day tfGMDC given channel brreakout in day chart now at its historical resistance can give good move above 72
GMDC multibaggerMonthly chart is showing a reversal from downward support line of 32 to a target of 140. Metals sector is overall getting bullish and GMDC has a good potential to be a multibagger. Target should touch within 1-2 year.
Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.
Gujarat Mineral
64.70 is a crucial price where it will face some resistance
Buy only if it crosses the resistance mark convincingly
Target 72.20/83.75
Short Term CallLogic explained in the chart itself
Go long for target 64/67/70 with Stoploss 58
~for educational purpose only~
Do comment if you have any suggestion/query regarding this analysis
GMDC Wedge Breakout of 4mths with huge VolumeBuy as it starts to clean out the Doji on the upside.
Could face some resistance around 70, but will break through it very soon.
SL: Below the Breakout Doji Candle
TGT: 15-30% Depending on your patience level.
GMDCLTD | COMFORTABLY STUCKBuy above 59.75. Targets 64.9. SL 55.
Click below for my other analyses. Feedback is always appreciated.
Thank you
Inverse Head and Shoulder Pattern in GMDCLTDToday we seen GMDCLTD trying to give breakout inverse head and shoulder pattern with higher buying volume. Expected it will successfully breakout this pattern and reach its projected target 65+ in upcoming trading session. We seen buying volume from 57 level so we can place our nearest stop loss at 57. By risk management this trade have a potential to give nearly 1:2 risk-rewards.
Investment Notes(Technicals):
1) Inverse Head and shoulder pattern will give 65+ target
2) After COVID-19 fall in March 2020 this stock continuously recovering from bottom towards the its pre-covid level which is 72+.
3) In long term time frame this stock complete its 5th wave in the direction of downtrend and expected next 3 waves towards the correction which is at least expected 61.8% of Fibonacci level from last swing (120+).
Disclaimer:
The investments and services offered by us may not be suitable for all investors. If you have any doubts as to the merits of an investment, you should seek advice from an independent financial advisor.
GMDCLTD#GMDCLTD is trading at a demand zone, Buy above 60 with a SL below the demand zone on closing basis.
Accumulate GMDC for 2x-3x Returns GMDC looks good at market price, safe investors can enter above 70.
lower highs are expected to Resist, hence the Targets, Buy on every Dip...
Long term Target 180.
