after missing out entry on a long base bo , attempting entry on following base
Once 175 is cleared and sustains, expecting to see 190 - Target 1 and 200 - Target 2 Idea invalidates if closes below 160 on daily timeframe
NSE: GMDCLTD is closing with a bullish consolidation candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on...
though price is making new high but it looks that not easy for price to cross this 167 to 173 barrier and trade in the direction of breakout/breakdown as MACD is showing profit booking but if prices this week do not go below 167 we might see breakout for higher level.All target of 3rd wave are marked 189 & 199. As annual result for march23 ending showing EPS of...
Is in corrective 4 th wave and can correct again till 125 level, before 31st May once breakout of contracting triangle happens you will see that 5th wave will begin and targets as marked 246,279,321 or 442 .Accumulate as result have been fantastic book value 161. EPS 12.74. comming going for rear earth mineral in gujarat.
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this is my observation on this GMDC Stock please observation this chart . . .
The stock is forming an ascending triangle pattern. The price is near its upper trendline, which it can break and provides possible buying opportunity. If candle gives close above the trendline as well as its previous structure i.e 155 with high volume.
Chart gave a breakout and potential to hit 172, 184 and 200 in short term. Stop loss below 140 on daily closing basis.
Gujarat Mineral Development Corporation is primarily engaged in 2 sectors i.e. mining and power. Its projects include Lignite, Bauxite, Fluorspar, Multi-Metal, Manganese, Power, Wind and Solar.
With coal prices at a high..power producers have no option but to mix coal with lignite to reduce their costs.. GMDC produced a good result and with winter coming and no sign of Russia increasing gas supply Coal prices will show no signs of cooling off.. This works well for the company as its been adding many new customers and until coal prices cool off this...
entry 141.65 sl 133 risk 216rs qty 25 nice breakout of trendline and break of small resistance
Can buy with a small stoploss of 120 or on dip to 126-27 area.Presently in high volume profile area of 126-133 and fibo 61.8 area of last rise time zone is also in favour and macd is showing buying interest .Results are expected to be above normal .bonus is also round the corner as share having a high book value of 140 and last bonus was in year 2008. Power...