Gujarat Mineral Development Corporation Analysis
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GMDC was consolidating and had a resistance near 73. But, it gave a breakout of that consolidation with a big candle. Now if it gives a day-wise closing above 76.5. It's already moving in a channel and now it had made the channel's middle band as support. If this continues, then we can expect a big move. I personally hold GMDC.
For education purposes only.
Not a SEBI registered broker.
Please ask your financial advisor before investing.
For education purposes only.
Not a SEBI registered broker.
Please ask your financial advisor before investing.
Nota
If it closes above 84, more bullish moves can be expected.At the same time, I'll suggest you book the profit in your 10% of the quantity.
GMDC has good fundamentals for the long term as well. This company has zero debt.
Penafian
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