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Technicals for Gujarat Mineral Development Corporation Limited
By MusingTheNews
2025-08-15 20:36
Overall Technical outlook
Price Summary
Gujarat Mineral Development Corporation Limited's stock, on 2025-08-14 opened at 416.85, climbed to a high of 440.5, dropped to a low of 414.05, and closed up 1.94% at 424.95, with 9920292 shares traded. For the 52-week period, the stock's highest price is 457.9, and the lowest price is 238.38.
Technicals
Support and Resistance: The current price is 424.95, with support at 410.75 and resistance at 435.3. This range suggests that the price might move between these levels, with 410.75 offering support and 435.3 capping further gains for Gujarat Mineral Development Corporation Limited. Support/Resistance for GMDCLTD
Aroon: The AROON is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for GMDCLTD, with no strong trend emerging. Aroon chart for Gujarat Mineral Development Corporation Limited
Bol. Bands: The BOLL BANDS is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation. Bolinger Bands chart for Gujarat Mineral Development Corporation Limited
Parabolic SAR: The PSAR has recently reversed from bearish to bullish, suggesting a possible upward trend. If this move is confirmed by other indicators, it could indicate a strong bullish signal. Investors may want to consider this as a potential opportunity, especially if additional trends support the PSAR's new direction. Parabolic Stop and Reverse chart for Gujarat Mineral Development Corporation Limited
Stochastic: The STOCHASTIC is in a neutral stance for GMDCLTD, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand. Stochastic chart for Gujarat Mineral Development Corporation Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages points to a bearish trend, but the wavering slopes of the 20 and 50 SMAs indicate that this momentum is weakening. This could be an early sign that the market is preparing for a bullish reversal, as the current downward trend begins to lose steam. Investors may soon see a shift towards more positive price action as the trend starts to change. Tripple SMA chart for Gujarat Mineral Development Corporation Limited
To derive valuable insights from a company's technical performance, it is essential to first understand its fundamentals. This includes its financial health, business model, and market share. Equally important is the industry context, such as competition, consumer demand, and market trends. By examining these aspects together, investors can gain a more comprehensive view of how the company's stock behaves and whether it's aligned with its underlying value.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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