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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: 424.43
  • 12Day Average: 405.65
  • 20Day Average: 399.61
  • 50Day Average: 388.13
  • 100Day Average: 413.43
  • 150Day Average: 396.55
  • 200Day Average: 349.79

GMDCLTD Indicators & signals

Indicator MACD (12,26,9)

409.69, 398.5, 6.69
Indicator MACD is in positive zone

Indicator ADX (14)

18.05, 27.16, 18.85
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 56
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
30 Tue Apr 2024 420.10 418.00 to 434.80 -2.88% 0.59 times
29 Mon Apr 2024 432.55 430.10 to 443.60 -0.52% 0.64 times
26 Fri Apr 2024 434.80 413.55 to 445.40 3.94% 2.63 times
25 Thu Apr 2024 418.30 412.00 to 426.85 0.46% 1.1 times
24 Wed Apr 2024 416.40 402.45 to 423.85 3.49% 1.85 times
23 Tue Apr 2024 402.35 389.10 to 407.70 3.02% 0.9 times
22 Mon Apr 2024 390.55 387.95 to 396.85 0.67% 0.33 times
19 Fri Apr 2024 387.95 373.60 to 391.35 1.05% 0.56 times
18 Thu Apr 2024 383.90 382.00 to 401.55 -1.06% 0.57 times
16 Tue Apr 2024 388.00 386.35 to 398.30 -0.27% 0.57 times
15 Mon Apr 2024 389.05 379.50 to 398.70 -3.68% 0.83 times
12 Fri Apr 2024 403.90 401.35 to 416.50 -1.49% 0.74 times

Technical analysis forecast of Gujarat Mineral Development Corporation Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Gujarat Mineral Development Corporation Limited GMDCLTD at this time. Stock is rising and might rise 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 above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Gujarat Mineral Development Corporation Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Gujarat Mineral Development Corporation Limited stays above 418, but if it comes below 418, then a intra day sell could be more profitable.
If you take a sell trade below 418, then use 418 as stoploss and 401.56 as target. However if you take a buy trade in Gujarat Mineral Development Corporation Limited, then use 418 as stoploss and 437.8 as target.

More indepth analysis on MunafaSutra.com