GMDC LTD Prediction for Swing / Positional Trading
First breakout at Entry 1 level. Second breakout at Entry 2 Level above 228. This entry 2 may be retest. you can entry now and more buy on retesting. Volume also supports the breakout.
SLs- 208, 185
Targets- 270,350,485,700,…
Intermediate Targets - ...
Gmdc stock gives a very good Breakout from current lavel we can watch this stock and accumulated lower level as well we can see 572 in few weeks as well at double in Months
Gujarat Mineral Development Corporation Ltd. (1D)
CMP 417.15
- Near All Time High
- After 2 Week Tight Close stock is Ready for Upmove
Sector : Mining
Industry : Mining & Minerals
Market Cap : 13,265.37 cr.
Category : Small Cap
PE : 13.11
Industry PE : 8.99
PEG : 0.46
About Company
The company is engaged in business of mining and mineral...
The price shows correction of more than 25% in past one month and approaching to its demand area.
There is only one opposite color candle ( Red candle) in whole impulse leg , we can definitely see accumulation of orders in that particular body of weekly candle.
Confluence to Support the idea.
*Rally Base Rally Formation
*Fib zone 0.5-0.618, The demand zone is...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 4% profit (In my observation, I found that most of the stocks reached 3% to 4% on weekly basis)
Please consider these ideas for educational purposes.
NSE:GMDCLTD
Don't miss the big picture
near term stock have given phenominal return
it could be just a start
sharing this
disc: no position , hope not miss new trend, in search
SELL near to our target of 303-307 as per hourly chart and can be bought on subsequent correction after ex dividend of rs 11.45 where good correction expected. Monthly chart is showing strong momentum but stochastic div is giving a sell . once crosses 316 we have a target of 431.
258-60 looks to be support after negative divergence in 5 min chart and trg of 295( achieved . If breaks 258-60 range we might be heading towards 242-48 level as per FIBO retracement level of 38.2 %.
SELL near to out 1st target of 295 as 1.61% retracement as going up as dividend of rs 11.45 per share in it can again be bought near to 248 level once profit is booked
