🟦 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.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.