GMR INFRA --POSITIONAL
TECHNICAL INDICATORS ON DAILY CHART.
1..RSI move from oversold level and made double bottom at daily chart
2. Strong support seen at 35.-37.50 level where stock take trendline support also and bounce back
3. Potential upside 20-30% From buy level .. resistance seen around 40-42-44 , this can place as target.
4. good velum seen at support level
BUY GMR INFRA between 35- 37.50
TARGET 40-42-44 ( 1 month )
Stop loss 30
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk .!!
HAPPY TRADING. !!
TECHNICAL INDICATORS ON DAILY CHART.
1..RSI move from oversold level and made double bottom at daily chart
2. Strong support seen at 35.-37.50 level where stock take trendline support also and bounce back
3. Potential upside 20-30% From buy level .. resistance seen around 40-42-44 , this can place as target.
4. good velum seen at support level
BUY GMR INFRA between 35- 37.50
TARGET 40-42-44 ( 1 month )
Stop loss 30
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk .!!
HAPPY TRADING. !!
Comment:
stock has 200 SMA support st same buy area 35-37.50 near trend line ON DAILY CHART. !