Gujarat Mineral Development Corporation Analysis

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.

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Commentaire:

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.