🟦 GMDC – Setup for All-Time High Breakout?
Gujarat Mineral Development Corporation is showing a strong structural setup, indicating potential for an all-time high breakout if momentum sustains.
📊 Technical View
• Repeating box breakout pattern
• Long consolidation range: ₹488 – ₹651
• 19-week consolidation → sign of silent/stealth accumulation
• Sustained move above ₹651 can trigger fresh momentum
• If momentum continues, structure opens up for higher expansion
💰 Trade / Positional Plan
• CMP: ₹615
• Stop Loss: ₹460
🎯 Targets
• ₹773
• ₹901 (extended momentum target)
📌 Trading Approach
• High volatility → keep quantity in check
• Prefer staggered entry
• Strict position sizing
• Patience trade, not a chase
• Avoid reacting to news flow; respect SL
⚠️ Clarification: Independent analysis. No part of Religare involved.
📝 Important: No responsibility for profit/loss. No fees charged.
📉 Disclaimer: Not SEBI-registered. Please do your own research.
✅ Consolidation builds energy. Break above 651 decides the next leg.
Gujarat Mineral Development Corporation is showing a strong structural setup, indicating potential for an all-time high breakout if momentum sustains.
📊 Technical View
• Repeating box breakout pattern
• Long consolidation range: ₹488 – ₹651
• 19-week consolidation → sign of silent/stealth accumulation
• Sustained move above ₹651 can trigger fresh momentum
• If momentum continues, structure opens up for higher expansion
💰 Trade / Positional Plan
• CMP: ₹615
• Stop Loss: ₹460
🎯 Targets
• ₹773
• ₹901 (extended momentum target)
📌 Trading Approach
• High volatility → keep quantity in check
• Prefer staggered entry
• Strict position sizing
• Patience trade, not a chase
• Avoid reacting to news flow; respect SL
⚠️ Clarification: Independent analysis. No part of Religare involved.
📝 Important: No responsibility for profit/loss. No fees charged.
📉 Disclaimer: Not SEBI-registered. Please do your own research.
✅ Consolidation builds energy. Break above 651 decides the next leg.
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