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Technicals for Gujarat Mineral Development Corporation Limited
By MusingTheNews
2025-04-25 20:35
Overall Technical outlook
Price Summary
In today's trading, Gujarat Mineral Development Corporation Limited's stock slid by -4.86%, showcasing an mediocre market day. On 2025-04-25, Gujarat Mineral Development Corporation Limited's stock opened at 324.9, peaked at 325.35, hit a low of 304.0, and closed -4.86% down at 309.1, with 1569081 shares changing hands. Over the past 52 weeks, the stock reached a maximum price of 448.65 and a minimum price of 238.38.
Technicals
Support and Resistance: At 309.1, the price is supported at 282.15 and faces resistance at 326.55. This range suggests that the price for GMDCLTD might stay between these levels, with 282.15 acting as a floor and 326.55 as a ceiling. Support/Resistance for GMDCLTD
Aroon: The current state of the AROON is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Aroon chart for Gujarat Mineral Development Corporation Limited
Bol. Bands: The current reading of the BOLL BANDS is neutral for GMDCLTD, with no clear signals for an upward or downward trend. This indicates that the market may be in a state of uncertainty, with no dominant force driving the direction. Bolinger Bands chart for Gujarat Mineral Development Corporation Limited
Parabolic SAR: The PSAR for GMDCLTD continues to be bullish, establishing a crucial support level that may help maintain the current upward trend. This level of support suggests that the market is poised to continue its positive trajectory, offering a foundation for further growth. Parabolic Stop and Reverse chart for Gujarat Mineral Development Corporation Limited
Stochastic: The current state of the STOCHASTIC is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment. Stochastic chart for Gujarat Mineral Development Corporation Limited
Tripple Moving Agerage: The Tripple MOVING AVG is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move. Tripple SMA chart for Gujarat Mineral Development Corporation Limited
A thorough analysis of a company involves looking beyond its stock price movements and trading patterns. You must also examine its fundamentals, which include profitability, growth prospects, and competitive advantages. Additionally, the industry in which the company operates provides important context, as factors like technological innovations, regulation, and market demand influence performance. By integrating this information with technical analysis, more accurate predictions about the company's future can be made.
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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