gmdc--buyto declare bumper result as iron ore prices increase 3 time during last quarter at the channel support on low volume once volume start rising you will see price of 72 a small resistance .trg 72.80,96
GMDCLTD trade ideas
GMDC - BullishGMDC CMP - 55.35
Looking bullish in higher time frame. One can go for Swing Trade setup with the following entry, exit & targets
Buy range 55 - 56 / Stop Loss 51
Target 1 - 58
Target 2 - 63
Target 3 - 68
Disclaimer: This is my view and for educational purpose only.
GMDC By WealthyWavesThis chart looks interesting as per wave count. Wave 1 is over and I am expecting correction in the form of abc. Once it is done we may see stock moving high in wave 3
gmdc-buyonce crosses 59 channel resistance we have a target of minimum 81,above it 120 and 145 it has a 10 years high of 180 .it can achieve it in a longer time frame
GMDCLTD (WEEKLY)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
GMDC - RevisedCMP 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 a learning.
MACD is positive at the moment with a bullish crossover.
Now , we can also see that a Golden Cross looks very likely in the coming days which would only add on to its momentum.
Fundamentally also the stock is strong.
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Long on GMDCThe stock is following rising wedge, currently at support level, first target of 46, second target of 62, stop loss of 39
Monthly chart suggests to go long until it touches the trendlineMonthly 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 - Safe Slow Sure BetThe 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..
