GMDCLTD @60.1 ENTER ABV 63 SL 50 TARGET 71 77 HIGHER HIGH HIGHER LOW FORMATION WEEKLY BO WITH GOOD VOL 11.01.2020
STOCK IS TRADING NEAR RESISTANCE ZONE OF 53. ABOVE THAT CLOSING , POTENTIAL TARGETS ARE 60/65/70/80+. STOPLOSS CAN BE KEPT AT NEAR SUPPORT ZONE BELOW 46 ZONES ON CLOSING BASIS. MINIMUM RISK REWARD IS 1:1
NEAR TO STRONG SAPPORT OF .618 % OF RISE (GOLDEN RATIO).DIVIDEND YIELD OF 4.5 %
CMP 44.2 The last time I drew my lines, I had disregarded the low on 1st June of 34.2 due to which my stop loss was hit. The revised base line in the Ascending Triangle shows that the support was was actually not breached. However, Stop loss is our best friend at nervous points. Falling is alright but to be a winner one should accept the mistake and move on with...
The stock is following rising wedge, currently at support level, first target of 46, second target of 62, stop loss of 39
BUY GMDC when closes above 43.5 TGT 46 SL 42 Swing trade opportunity
struck between 40 to 46 once crosses 46 level of 57 would be seen . BOOK VALUE 125 RUPEES. DIVIDEND RS 2 YIELD OF 5.5 PERCENT WELL DIVERSIFIED COMPANY REGULAR DIVIDEND AND BONUS GIVING COMPANY GUJARAT GOVERMENT TO DISINVEST AND MORE OVER RELIANCE HAVING A MINOR HOLDING IN COMPANY
NEAR TO SAPPORT BUY WITH A STOP OF 1 RS AND GET AN YIELD OF 5 .5 PERCENT DIVIDEND OF RS 2 IN STOCK AND BOOK VALUE OF RS 125 WHICH I SAPPOSE IS AT A STEP DISCOUNT AND ONE SHOULD HAVE THE STOCK IN HIS PORFOLIO. WAVE TARGET OF 49
Monthly chart suggests to go long until it touches the trend-line at around 149. The target is a multibagger based on the March 2020 results which is tomorrow. 1-2 years target is 150 Good luck
GMDC Start accumulating for Longterm NSE:GMDCLTD
The chart says it all. Will credit this find to Manoj Kaushik who first intrigued me to study. What I find is that every time it has bottomed a tweezer looking candles have formed on monthly ... The return could be 2 bagger in 2 years..