Overall Technical outlook

Price Summary

On 2025-05-29, Gujarat Mineral Development Corporation Limited's stock opened at 358.15, reached a high of 370.0, dropped to a low of 355.05, and closed up 1.63% at 364.0, with a trading volume of 2116401 shares.
In the past year, the highest stock price was 422.9, and the lowest was 238.38.

Technicals


Aroon: AROON is currently indicating a bullish trend, as the Aroon Up has increased and the Aroon Oscillator remains high. This suggests a continuation of the upward price trend, with the market likely to maintain its bullish momentum for GMDCLTD. The high Aroon Oscillator level reinforces the likelihood of further upward movement in the price.
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Aroon chart for Gujarat Mineral Development Corporation Limited


Bol. Bands: The current state of the BOLL BANDS 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.
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Bolinger Bands chart for Gujarat Mineral Development Corporation Limited


Parabolic SAR: The PSAR remains bullish, setting a strong support level that could underpin further upward movement. This persistent bullish outlook suggests that the market may continue its positive trajectory, with the established support acting as a safety net.
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Parabolic Stop and Reverse chart for Gujarat Mineral Development Corporation Limited


Stochastic: The stochastic indicator for Gujarat Mineral Development Corporation Limited shows the K-line below the D-line but still above 80, hinting at the possible onset of a bearish price move. This could indicate that the market's recent strength is waning, with a potential downturn on the horizon. Traders should keep an eye on this development for further signs of weakness.
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Stochastic chart for Gujarat Mineral Development Corporation Limited


Tripple Moving Agerage: The 20, 50, and 100 moving averages for Gujarat Mineral Development Corporation Limited are currently aligned in a bearish formation, signaling a downtrend. However, the wavering slopes of the 20 and 50 SMAs suggest that this bearish momentum may be weakening. This could indicate an upcoming shift towards bullish price action, as the loss of downward momentum might lead to a potential reversal in the market's current trend.
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Tripple SMA chart for Gujarat Mineral Development Corporation Limited


In order to draw meaningful inferences from a company's technical data, it is essential to first consider its fundamentals. This includes reviewing financial metrics like revenue, profit margins, and debt-to-equity ratios. Additionally, understanding the broader industry landscape, including market trends and competitive pressures, is crucial. By integrating these insights with the company's technical performance, such as stock price fluctuations and trading volume, one can make more informed investment decisions.