GMDC (Gujarat Mineral Dev Corp) - Chart Breakdown

Timeframes: Monthly & Daily Pattern: Trendline Breakout Setup Support at Previous Resistance: The stock took strong support near the ₹220-240 zone, which was a major resistance for many years. This zone acted like a floor this time — classic support-resistance flip. Monthly Timeframe: A falling trendline is clearly visible post the big rally. Though the stock hasn’t broken this trendline on the monthly chart yet, it has formed a bullish follow-up candle right from the support zone — a positive sign. Daily Timeframe Breakout! The trendline that held the stock down for months has now been broken on the daily chart with strong volume — a possible sign of trend reversal. Why it matters: Good volume = strong interest Support zone respected = strength Daily breakout = early entry potential Monthly trendline = watch for confirmation If price sustains above ₹315 and breaks the trendline on the monthly, this can lead to strong momentum in coming weeks.