GMDCLTD - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.5

Here’s a detailed technical analysis of Gujarat Mineral Development Corporation Ltd (GMDCLTD)

📈 Trend Analysis

Current Price (₹551) is well above both 50-DMA (₹453) and 200-DMA (₹382) — confirming a strong bullish trend.

52-week Index at 91.5% shows the stock is trading close to its yearly high of ₹581, indicating momentum continuation.

Trend Status: Trending upward, with breakout potential.

🔍 Momentum Indicators

RSI (68.7): Approaching overbought territory, signaling strong momentum but caution for short-term exhaustion.

MACD (36.5): Strongly positive — confirms bullish crossover and trend strength.

Volume: At 49.5L, below 1-week average (139.2L) — suggests momentum cooling, possibly due to profit booking or consolidation.

📊 Chart Patterns & Moving Averages

Price is well above key moving averages, reinforcing bullish sentiment.

Support Levels

₹520 (minor swing support)

₹453 (50-DMA)

₹382 (200-DMA)

Resistance Levels

₹581 (52-week high)

₹600–₹620 (psychological breakout zone)

📉 Bollinger Bands

Price is near the upper band, indicating short-term overextension.

Bands are expanding, suggesting volatility and strength in the current move.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 520–530 Near minor support and pre-breakout zone

Exit (Short-Term) 580–600 Resistance zone, potential reversal

Stop Loss 500 Below swing support and trendline

🧭 Summary

Trend: Bullish

Momentum: Strong, nearing overbought

Volatility: Expanding, with breakout potential

Strategy: Accumulate on dips near ₹520–₹530 with target ₹580–₹600. Watch for RSI cooling below 65 and MACD flattening for signs of consolidation.

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