GMDCLTD bullish; above 461? - Monday 8 Jan.

The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...

SWING Trading Strategy:

Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)

INTRADAY Trading Strategy:

1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buy in hope of another 2% upmove intraday.
"High Risk Traders" patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also

2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage

3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.

Both Safe Traders/High Risk Traders book profits at this stage

This do not constitute, financial, investment, trading, or other types of advice or recommendation.

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Triggered .. 462 now

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week broader market... down nearly 2%

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looks like getting stopped out @448

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Looks like it opens above trigger price today and hope it works well!!!

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482 Rs in just 5 minutes... From trigger price, up 20 Rs... Over 4℅

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Wow.. 497 toched

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Over 10℅ so far @499

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So far high @502

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Consolidation between 480 and 485.. Will it give an upmove again back to 500 levels in the afternoon session??