GMDCLTD - Technical Analysis
Last Updated Time : 02 Aug 25, 12:58 am
Back to Technical List📊 Technical Analysis for GMDCLTD (Gujarat Mineral Development Corporation Ltd.)
Technical Rating: 4.2
📉 Trend Overview
Current Price: ₹411 is above both 50 DMA (₹392) and 200 DMA (₹351) → confirms bullish alignment
RSI (50.8): Neutral zone → momentum is balanced, with room for directional breakout
MACD (10.7): Strongly positive → bullish crossover confirmed, momentum building
Volume: Current volume (32.6L) is below average (53.1L) → moderate participation, but not alarming
📈 Chart Patterns & Indicators
Moving Averages
Price above key DMAs → uptrend confirmation
No bearish crossover observed
Bollinger Bands
Price near middle band (~₹411), upper band near ₹428, lower band near ₹394 → range-bound with upward bias
Support Levels
Strong support: ₹392 (50 DMA)
Next support: ₹375–₹380 (recent swing low)
Resistance Levels
Immediate resistance: ₹428–₹435 (recent highs)
Major resistance: ₹472 (52-week high)
🚦 Momentum Signals
Short-Term: Bullish momentum with MACD strength and price above moving averages
Medium-Term: Uptrend intact unless price breaks below ₹392
Volume Trend
Recent dip in volume, but delivery % remains healthy
FII and DII holding slightly up → institutional confidence
🎯 Entry & Exit Zones
Action Price Zone (₹) Rationale
Entry (Aggressive) 395–400 Near support, MACD confirmation
Entry (Conservative) Above 435 Breakout confirmation
Exit (Short-Term) 428–435 Resistance zone
Exit (Medium-Term) 460–472 52-week high zone
🔄 Market Phase
Status: Trending with bullish momentum
Bias: Bullish-to-neutral; watch RSI for breakout above 55 and volume pickup
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