🟦 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.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.