Price and trend forecast of GMDCLTD for Tomorrow, Weekly, Monthly
Gujarat Mineral Development Corporation Limited
Symbol: NSE:GMDCLTD
ISIN: INE131A01031
402.50
As on 2024-07-26
GMDCLTD's Today's Performance
Gujarat Mineral Development Corporation Limited started the day by opening at 410.05 today 2024-07-26. Its shares reached a high of 413.70 and dipped to a low of 401.50 in intraday. When the markets closed, GMDCLTD’s stock price settled at ₹402.50 per share. Also check out its key support and resistance levels.
GMDCLTD Buy/Sell Targets
Tomorrow, sell GMDCLTD when its price reaches ₹ 402.50 with a stop-loss order at ₹ 411.37. You can set the target price as ₹ 393.63 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of GMDCLTD for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for GMDCLTD
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 410 |
| Tomorrow Down Target 2 | 418 |
| Tomorrow Down Target 3 | 423 |
Important Levels for GMDCLTD
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 398 |
| Tomorrow Up Target 2 | 394 |
| Tomorrow Up Target 3 | 386 |
Based on where the stock opens tomorrow, if GMDCLTD opens on a positive note, our first target will be ₹410. If Target 1 is achieved, we will aim for Target 2 which is ₹418.
But if GMDCLTD falls below the average value of ₹405.90, you can enter a sell side position with target number 1 - ₹398 and second target - ₹394 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of GMDCLTD
Looking at GMDCLTD, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, GMDCLTD has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for GMDCLTD is moderate bearish.
Tomorrow's Volume based share price Forecast for GMDCLTD
GMDCLTD's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is 40%.
Reversal detection for GMDCLTD
GMDCLTD may trend may continue to be bearish since stock is making lower low and we can get target of ₹409 in morning tomorrow
| Target 1 tomorrow | 411 |
| Target 2 tomorrow | 413 |
| Target 3 tomorrow | 418 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with GMDCLTD's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if GMDCLTD opens on a positive note, our first target will be ₹410.30. If Target 1 is achieved, we will aim for Target 2 which is ₹418.10.
But if GMDCLTD falls below the average value of ₹405.90, you can enter a sell side position with target number 1 - ₹398.10 and second target - ₹393.70
GMDCLTD's Weekly Targets
| 1st Up Target | 424.60 |
| 2nd Up Target | 446.70 |
| 1st Down Target | 380.25 |
| 2nd Down Target | 358.00 |
As the week for GMDCLTD ended on bullish sentiments, we can expect further continuation of this sentiment. GMDCLTD's initial target will be 424.60 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 380.25 in the upcoming week.
Weekly OHLC Values
| Open | 395.00 |
| High | 424.45 |
| Low | 380.10 |
| Close | 402.50 |
Week for GMDCLTD started with an open price of 395.00, and the close was at 402.50. GMDCLTD reached the highest of 424.45 and dipped lowest up to 380.10 last week. This indicates a bullish sentiment for the week.
GMDCLTD full month swing targets
| Monthly Up Target 1 | 468.95 |
| Monthly Up Target 2 | 491.05 |
| Monthly Down Target 1 | 335.90 |
| Monthly Down Target 2 | 269.30 |
Targets of ₹468.95 can be expected to be reached in the coming month. Once GMDCLTD achieved this target, we can aim for the next upside target of ₹491.05.
GMDCLTD if fails to hold upside, down targets of ₹335.90 and ₹269.30 can be achieved by end of this month.
For complete three weeks if GMDCLTD is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as GMDCLTD
| Symbol | Name | Industry |
|---|---|---|
| RELIANCE | Reliance Industries Limited | Oil & Gas Refining & Marketing |
| ADANIENT | Adani Enterprises Limited | Thermal Coal |
| ONGC | Oil & Natural Gas Corporation Limited | Oil & Gas Integrated |
| COALINDIA | Coal India Limited | Thermal Coal |
| IOC | Indian Oil Corporation Limited | Oil & Gas Refining & Marketing |
Summary
GMDCLTD is expected to reach the target of 410.30 in tomorrow's trading session.
After achieving the initial target in GMDCLTD, we will aim for higher targets of 418.10 tomorrow.
However, if GMDCLTD starts to trade below ₹405.90, then we will shift our focus to the sell side and aim for down targets of 398.10 and 393.70.