Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the feedzy-rss-feeds domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home1/portfol1/public_html/wp/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the restrict-user-access domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home1/portfol1/public_html/wp/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the mailchimp-for-wp domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home1/portfol1/public_html/wp/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the hueman domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home1/portfol1/public_html/wp/wp-includes/functions.php on line 6114

Deprecated: preg_split(): Passing null to parameter #3 ($limit) of type int is deprecated in /home1/portfol1/public_html/wp/wp-content/plugins/add-meta-tags/metadata/amt_basic.php on line 118
Stock of the Day – GMDC | Portfolio Yoga

Portfolio Yoga

Building Wealth | Building Relationships

Stock of the Day – GMDC

by ·

Gujarat Mineral Development Corporation is the latest stock that seems to be trying to ride the Modi wave. The stock which for a long time was a pretty good market performer took a serious plunge in 2013 with the stock falling by 65% in a matter of months. The stock has since slowly crept higher and today made a fresh breakout from its recent range.

While the stock continues to remain weak on the longer time frame, the breakout coming in at the 200 EMA level does provide for a low risk entry with the initial target being at the very least 24% above the current price. 

A weekly close below the 200 day EMA would on the other hand communicate the failure of the breakout and would be a good stop loss to consider.

Image

Tags:

You may also like...

1 Response

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.