Gujarat Mineral Dev Corp (GMDCLTD)

☕ Cup and Handle Formation Pattern: Strong Cup & Handle base formed over ~12 months. Breakout Zone: ₹507–510 (horizontal black resistance line). Current Price: ₹467.10 — nearing breakout with strong weekly candle. 💡 Technical Highlights Massive Volume Spike: 42.16M vs avg. 12.79M — institutional activity likely. 200-week EMA: ₹230.57 – price is significantly above long-term average, indicating sustained bullish trend. Handle Breakout Started: The blue trendline shows the handle breakout just triggered last week. 🔍 Price Structure & Momentum Rounded bottom base → powerful setup. Currently testing all-time highs — if ₹507–510 breaks on volume, expect a strong continuation. Volume confirms accumulation and conviction. 🟢 Summary Verdict: Technical Bias: Extremely bullish setup with high breakout probability. Trigger Level: Entry on close above ₹510. Targets Post-Breakout: ₹600 → ₹720 (based on cup depth projection). Stop-Loss: Below ₹420 (handle low).