Gujarat Mineral Development Corporation Ltd – Technical & Fundamental Insight

Gujarat Mineral Development Corporation Ltd – Technical & Fundamental Insight (SEBI Reg. INH000019886 | For Educational Purpose Only) 🔹 Technical View: GMDC formed a double bottom near ₹560 and gave a strong breakout candle with volume. Price has reclaimed short-term moving averages and is heading toward the upper Bollinger band. Momentum is improving — RSI crossed 60, showing renewed buying strength. Pattern indicates potential upside toward ₹640–₹660 if sustained above ₹600. Key Levels: 🔼 Upside: ₹640 / ₹660 🔽 Supports: ₹585 / ₹558 💡 Sustain above ₹600 may extend momentum toward ₹640–₹660 short term. ⚠️ Disclaimer: For educational use only. Not a buy/sell recommendation.