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Technicals for Gujarat Mineral Development Corporation Limited
By MusingTheNews
2025-07-16 20:35
Overall Technical outlook
Price Summary
On 2025-07-16, Gujarat Mineral Development Corporation Limited's stock began at 381.9, climbed to 382.75, dropped to 377.4, and had -0.76% to end at 379.0, with a volume of 445240 shares. The top price for the stock in the last 52 weeks is 420.35, with the bottom price being 238.38.
Technicals
Support and Resistance: The current price sits at 379.0, supported at 356.55 and capped by resistance at 383.45. These levels define a range for GMDCLTD where the price might stabilize, with 356.55 as a floor and 383.45 as a ceiling. Support/Resistance for GMDCLTD
Aroon: The AROON is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging. Aroon chart for Gujarat Mineral Development Corporation Limited
Bol. Bands: The BOLL BANDS 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. Bolinger Bands chart for Gujarat Mineral Development Corporation Limited
Parabolic SAR: The PSAR continues its bearish trend for Gujarat Mineral Development Corporation Limited, setting a resistance level that could hinder upward momentum. This resistance suggests that the market may face challenges in breaking higher, reflecting persistent bearish sentiment. Parabolic Stop and Reverse chart for Gujarat Mineral Development Corporation Limited
Stochastic: The stochastic indicator for GMDCLTD shows the K-line crossing over the D-line while remaining below 20, which is generally seen as the start of a bullish move. This setup indicates that the market may be emerging from a lower level, potentially signaling the beginning of an uptrend. Traders could view this as an early buying signal. Stochastic chart for Gujarat Mineral Development Corporation Limited
Tripple Moving Agerage: The current state of the Tripple MOVING AVG is neutral for GMDCLTD, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements. Tripple SMA chart for Gujarat Mineral Development Corporation Limited
When evaluating a company's technical data, such as stock price charts or volume, it is essential to first consider its fundamentals. These fundamentals include financial stability, growth potential, and competitive advantages. Additionally, understanding the broader industry in which the company operates offers context that helps to make sense of technical patterns. By examining both the company's internal strengths and external environment, one can make more accurate and meaningful conclusions about its stock performance.
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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