GMDC BUYNSE:GMDCLTD Weekly parabolic formation on chart with buyers will create positive price breakout in near future. macd also giving buying signal , that is the clear cut indication of force.
GMDCLTD trade ideas
GMDCLTDHi guys,
In this chart i Found a Demand Zone in GMDCLTD CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
GMDCLTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
GMDC--RARE EARTH COMPANYAfter completing the third wave, the stock has formed patterns A, B, C, D, and E in the fourth wave and now appears poised for the fifth wave, with a price target of 540-580. Fundamentally, the company is a strong bonus candidate and is unique in having allocated three mines for rare earth exploration. The company boasts a dividend yield of 2.77%, a book value of 192, and negligible debt.
GMDC--A rare earth metal stockMonday important will it break or pull back.. corrective rally in progress and to end soon. Once correction is over you will see fast rise in 1st wave of 5th. At important juncture. We have a target of 540-550 .As cash rich and bonus candidate stock.
GMDC--LONGWe are near to bottom position can be taken here for a target of 396-400 in 1st of 5th wave . Every dip is a buy. company which is fundamentally strong, bonus candidate ,good dividend yield and more over company is deploying cash in its book for rare earth exploration and mine development 5th wave target of 540-550 every dip is a buy in this stock.
GMDC--BUY the dipconsolidating in 4th wave A,B,C,D,E formation in wave 4th completing dividend of Rs 9.55 in stock , 5th wave to begin soon .Accumulate for Steller return in coming days likely target of 525-40 rs.
GMDCTrendline breakout with volumes
Next target 452 - 480 -500
above 500 we have to do a review again.
Disclaimer: only for education purposes, no buy or sell recommendation. we are not sebi registered. always discuss first with your financial advisors
GMDCBO from 6 months trendline. wait for a strong close with good volumes above the trendline. DO your own research before entering any trade. Pls boost the post if this idea helps you. Thank you.
GMDC-buy on dipin contracting triangle soon to breakout metal policy/ auction of mines for lithium mining on the cards major govt companies in fray are GMDC, MOIL and NALCO. Wave 3rd of 5th to begin soon , accumulate on every dip.
GMDC-STRONG BUY taking support at 385 the share looks promising. In 5(3rd) after completing 5(2) .9.55 rs dividend low 385 high expected 418- 20 if crosses 422 then trg 440 -47 , bonus candidate and can get lithium mining with Moil .Metals in uptrend last unmove going. Can cross 500 once good news comes in , company is having good book value conducive for bonus. And aluminum/ iron prices are in upwing from 1st March hence expecting good qtr in June24 ending. And bonus till sept 24 .
GMDC MUST STUDY THE CHART EDUCATIONAL PURPOSEGMDC
MUST STUDY THE CHART
EDUCATIONAL PURPOSE
GMDC - share make a Cup % Handle pattern -
- Stock is trading near major support zone and break
- Stocks fundamentals are improving with time
A strong breakout in GMDCGMDC LTD has given a strong breakout on daily chart with huge bolume buildup
GMDC LTD for Swing / Positional 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 - 239,249,259,269,279,290,300,320,340,360,372,383,402,435,445,495,505,515,535,548,570,…….
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Can anyone tell me which chat patterns are shown up here?
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Request: Please support by Like, follow, comment, share and boost.
Happy trading. Always maintain your Risk Management.
#TradingView #StockAnalysis #gmdc #TradeOpportunity
About GMDC-
Gujarat Mineral Development Corp. Ltd. (GMDC LTD) engages in the development of mineral resources. The firm operates through Mining and Power segments. Its products include lignite, bauxite, fluorspar, manganese, silica sand, limestone, bentonite, and ball clay. The company was founded on May 15, 1963 and is headquartered in Ahmedabad, India.
You can follow me in social media through links given below-
Gets a good Break out need to accumulate this share 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
GMDC Seems to be Multibagger stock in down the line yearHi everyone.. GMDC in on another high momentum flow & expected to give high returns as per indicated patterns ( Multibagger stock) for New Year 2024..
GMDC LTDGMDC LTD
Taken support at previous resistance now likely to get ready for big move from here
Keep in Radar
GMDC LTDGujarat 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 processing. The product range of the company includes Lignite, Fluorspar- The company manufactures two grades of fluorspar namely acid and metallurgical and has applications in industries like steel, aluminium, hydrochloric acid, foundry flux and welding electrodes. The company also two Bauxite reserves. The company also in the business segment of Power Project, Mining Projects.
Gujarat Mineral Development Corporation (GMDC) was incorporated on 15th May, 1963 to develop major Mineral Resources in the State and started with a Silica Sand quarrying Plant near Surajdeval (Dist. Surendranagar) for crushing and screening of Silica Sand required for Glass Industry. From this humble starting, GMDC today boasts of a vast array of Mineral Portfolio in its mineral rich basket. Hence, the journey of GMDC begins for Mining Sector of Gujarat.
The Fledgling State acutely the need to have a rapid Industrial Development, for requires Fuel and Energy resources. The motive inspired the state to incorporate a Public Sector Company that would target exclusive development of Mineral Resources endowed on the state. Thus, began a historical journey which has today reached a milestone of Glorious fifty five years.
Business area of the company
The company is engaged in business of mining and mineral processing. The product range of the company includes Lignite, Fluorspar- The company manufactures two grades of fluorspar namely acid and metallurgical and has applications in industries like steel, aluminium, hydrochloric acid, foundry flux and welding electrodes. The company also two Bauxite reserves. The company also in the business segment of Power Project, Mining Projects.
Products
Minerals & Mines
• Lignite
• Bauxite
• Fluorspar
• Manganese
• Silica Sand
• Limestone
• Bentonite
• Ball Clay
Power
• Thermal Power
• Wind Power
• Solar Power
• Green Footprint
GMDCLTD - Swing LongGMDCLTD broken a resistance and looking strong in the bull market.
we can see a 25% upside from this breakout.
GMDC (Near Deamd Zone)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 exactly alligning with fibonacci levels.
*There is Lower time frames trend line liquidity,which must be taken out before making further move to the upside.
Although Higher time frame seems pretty bullish ,but structural shift in lower time frame, from bearish to bullish must keep in mind. Always Trade with more confirmations.
