GMDC--BOOK PROFITnear to our target of 324 . sell and buy at lower level. trendline resistance and fibo ext target.
GMDCLTD trade ideas
Target 259.60 , Duration 1 to 5 months.Good Company , Good Results , Good Break out going on , Up Trand going on , So Target 259.60, Duration 1 to 5 months........
NSE:GMDC from 2008 - don't loose the big picture NSE:GMDCLTD
Don't miss the big picture
near term stock have given phenominal return
it could be just a start
sharing this
disc: no position , hope not miss new trend, in search
GMDC--SELL near to our target of 303-307 as per hourly chart and can be bought on subsequent correction after ex dividend of rs 11.45 where good correction expected. Monthly chart is showing strong momentum but stochastic div is giving a sell . once crosses 316 we have a target of 431.
GMDC--258-60 looks to be support after negative divergence in 5 min chart and trg of 295( achieved . If breaks 258-60 range we might be heading towards 242-48 level as per FIBO retracement level of 38.2 %.
GMDC-- SELLSELL near to out 1st target of 295 as 1.61% retracement as going up as dividend of rs 11.45 per share in it can again be bought near to 248 level once profit is booked
GMDCLTD - expecting 190/200 SL 160Once 175 is cleared and sustains, expecting to see
190 - Target 1 and
200 - Target 2
Idea invalidates if closes below 160 on daily timeframe
GMDC--BUYWEEKLY chart fibo retracement/extension shows target of minimum 201 and can extend upto 248 and 295 .Buying at correction adviced buy near to 191 today breakout point and go long as dividend of Rs 11.25 coming in sept and expect bonus in next one year.
GMDC-BUYbook value 182 i.e bonus candidate high promoter holding more then 74 % dividend up from rs 2 to 11.45. no pledge of share ,debt free cash rich company .Buy for a target of minimum 192
GMDC--BUYmaking higher low and higher high .dividend enhanced to Rs11.45 now yield 6.46 % .book value of Rs 182.. Min target of 3rd wave 201 buy as bonus candidate and can easily cross 250 levels
gmdc--buyPresently in 3rd wave having a minimum trg of 201 and above it 224,248 if sustain above it likely to crosses previous high as bonus candidate due to high book value and dividend of rs 9.10 is icing on the cake
GMDCLTD - Bullish Consolidation with VolumesNSE: GMDCLTD is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
GMDC---BUY on dipthough price is making new high but it looks that not easy for price to cross this 167 to 173 barrier and trade in the direction of breakout/breakdown as MACD is showing profit booking but if prices this week do not go below 167 we might see breakout for higher level.All target of 3rd wave are marked 189 & 199. As annual result for march23 ending showing EPS of 38 and dividend being raised from 2 to 4 and now 9.10 shows that bonus is not far of.
GMDC--BUY LONGIs in corrective 4 th wave and can correct again till 125 level, before 31st May once breakout of contracting triangle happens you will see that 5th wave will begin and targets as marked 246,279,321 or 442 .Accumulate as result have been fantastic book value 161. EPS 12.74. comming going for rear earth mineral in gujarat.
GMDCLTDTRADING COMMUNITY
JOIN US ONLY IF YOU WANT PEACE AND PROFIT IN YOUR TRADING LIFE.
I am not a call provider, not SEBI approved person. All the charts and PnL here are for educational purposes. Consult a professional financial advisor before you invest.
#GMDCLTD (Ascending Triangle Pattern)The stock is forming an ascending triangle pattern. The price is near its upper trendline, which it can break and provides possible buying opportunity. If candle gives close above the trendline as well as its previous structure i.e 155 with high volume.
GMDC - short term trade ideaChart gave a breakout and potential to hit 172, 184 and 200 in short term. Stop loss below 140 on daily closing basis.
#GMDC Building momentum nowGujarat Mineral Development Corporation is primarily engaged in 2 sectors i.e. mining and power. Its projects include Lignite, Bauxite, Fluorspar, Multi-Metal, Manganese, Power, Wind and Solar.
GMDC - Winter is comingWith coal prices at a high..power producers have no option but to mix coal with lignite to reduce their costs..
GMDC produced a good result and with winter coming and no sign of Russia increasing gas supply Coal prices will show no signs of cooling off..
This works well for the company as its been adding many new customers and until coal prices cool off this works well for the company.
Long above 188 with SL below below 170.
Already having a position above in the 150's it helps when i pyramid this..the SL won't hurt as badly.
GMDC BUY @ 141.65entry 141.65
sl 133
risk 216rs
qty 25
nice breakout of trendline and break of small resistance
