GMDC – Strong Retest + 23% Rebound Supported by Sector Tailwinds
News Context:
India is moving toward a major ₹7,300-crore incentive scheme to boost domestic manufacturing of rare earth permanent magnets (REPM). The plan aims to build up to 6,000 tonnes of annual capacity and reduce import dependence. This macro tailwind has strengthened sentiment across the mining and minerals space, and GMDC is reacting well.
Technical Structure:
• GMDC broke out above the 485 zone earlier.
• Price rallied towards the all-time high region near 650.
• The pullback landed precisely on the 485–500 breakout/retest zone.
• From there, the stock printed a strong ~23% V-shaped rebound with supportive volume.
The “breakout → retest → strong bounce” sequence generally leans toward trend continuation rather than a bull trap.
Key Zone Ahead:
• 640–655 (all-time high supply).
This zone will determine whether the stock enters a fresh price-discovery phase or faces another rejection.
Bias:
Structure remains bullish as long as price holds above 560–570.
A high-volume breakout above 655 would confirm continuation.
Watching how the price behaves near ATH in the coming sessions.
India is moving toward a major ₹7,300-crore incentive scheme to boost domestic manufacturing of rare earth permanent magnets (REPM). The plan aims to build up to 6,000 tonnes of annual capacity and reduce import dependence. This macro tailwind has strengthened sentiment across the mining and minerals space, and GMDC is reacting well.
Technical Structure:
• GMDC broke out above the 485 zone earlier.
• Price rallied towards the all-time high region near 650.
• The pullback landed precisely on the 485–500 breakout/retest zone.
• From there, the stock printed a strong ~23% V-shaped rebound with supportive volume.
The “breakout → retest → strong bounce” sequence generally leans toward trend continuation rather than a bull trap.
Key Zone Ahead:
• 640–655 (all-time high supply).
This zone will determine whether the stock enters a fresh price-discovery phase or faces another rejection.
Bias:
Structure remains bullish as long as price holds above 560–570.
A high-volume breakout above 655 would confirm continuation.
Watching how the price behaves near ATH in the coming sessions.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.