📊 GMDC Ltd – Bullish Reversal After Strong Bounce
The stock has rebounded sharply from support with strong buying momentum, indicating a possible trend reversal.
🔎 Technical Observations:
• Strong bullish breakout from support
• Higher highs & higher lows forming
• Price moved above short-term resistance
• Momentum improving with buying volume
🔑 Key Levels:
• Support: ₹566 – ₹548
• Major Support: ₹529 – ₹511
• Resistance: ₹603 – ₹621
🚀 Upside Targets:
• ₹621
• ₹639
• ₹658+
📉 Risk:
A close below ₹548 may weaken the bullish setup.
📈 Trading View:
👉 Fresh buying momentum is visible. Sustaining above ₹603 can open the path toward higher targets.
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊