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Stock analysis Gujarat Mineral Development Corporation Limited GMDCLTD

More indepth analysis on MunafaSutra.com

Moving Averages for Gujarat Mineral Development Corporation Limited

  • 5Day Average: 333.42
  • 12Day Average: 351
  • 20Day Average: 352.94
  • 50Day Average: 353.83
  • 100Day Average: 369.64
  • 150Day Average: 380.5
  • 200Day Average: 383.17

GMDCLTD Indicators & signals

Indicator MACD (12,26,9)

344.65, 349.84, -1.41
Indicator MACD is in negative zone

Indicator ADX (14)

20.44, 19.88, 30.09
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 43
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of GMDCLTD Gujarat Mineral Development Corporation Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Tue Nov 2024 334.85 330.70 to 347.45 2.34% 1.62 times
18 Mon Nov 2024 327.20 323.60 to 333.00 -1.04% 0.83 times
14 Thu Nov 2024 330.65 329.70 to 336.90 0.3% 0.54 times
13 Wed Nov 2024 329.65 327.70 to 346.80 -4.38% 0.78 times
12 Tue Nov 2024 344.75 343.10 to 361.50 -0.85% 1.07 times
11 Mon Nov 2024 347.70 346.20 to 359.00 -3.34% 0.83 times
08 Fri Nov 2024 359.70 358.00 to 369.35 -2.39% 0.85 times
07 Thu Nov 2024 368.50 367.20 to 377.45 -1.51% 1.32 times
06 Wed Nov 2024 374.15 365.10 to 376.00 2.83% 1.74 times
05 Tue Nov 2024 363.85 356.10 to 365.85 1.65% 0.9 times
04 Mon Nov 2024 357.95 351.35 to 371.75 -4.05% 1.13 times
01 Fri Nov 2024 373.05 371.35 to 376.95 0.7% 0.51 times

Technical analysis forecast for Gujarat Mineral Development Corporation Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Gujarat Mineral Development Corporation Limited GMDCLTD at this time. Stock is falling and might fall more.

It appears as if Gujarat Mineral Development Corporation Limited GMDCLTD gave a large move recently.

Stock of Gujarat Mineral Development Corporation Limited (GMDCLTD) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Gujarat Mineral Development Corporation Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 332.8 as stoploss in an intra day buy trade for a target of 348.35. However, stock will show a bearish move below 332.8.

More indepth analysis on MunafaSutra.com