Eyes on ₹337: Will GMDC Break Through or Pull Back?

has displayed strong bullish momentum, marking eight consecutive positive sessions. The stock recently broke out of a downward sloping trendline and has closed above it for three straight sessions, indicating a potential trend reversal. It is currently trading above key moving averages — 50, 100, and 200 DEMA — which reinforces positive sentiment. Prices are hovering near the calendar year high of ₹336.85, a critical resistance level. A breakout above ₹337 would confirm continuation of the uptrend and open the door for further upside. The price structure suggests accumulation with strong follow-through buying. Immediate support is seen near ₹294, which also serves as a technical stop-loss level. If ₹337 is breached decisively, the stock could target ₹405 in the near term. Will the price continue after the breakout or reverse from the resistance level? Comment below. Disclaimer: This post is for informational purposes only and does not constitute investment advice.