champtrade111

GMR INFRA -- POSITIONAL -- 2022

Long
champtrade111 Updated   
NSE:GMRINFRA   GMR AIRPORTS INFRA
GMR INFRA .. CO through subsidiaries operates in four business sectors namely Energy, Airports, Highways, Urban infrastructure recently stock has made multiyear breakout
after consolidation from 39 level and made high at 49 sub level ..at 49 sub level stock get rejection to go up and made double top formation and corrected , nifty corrected
sharply 1000-1200 points from high and due to this stock also get corrected further.. now at strong support level 39 double bottom formation seen which is indication of trend reversal so buy from this level where risk to reward is 1:2


BUY GMR INFRA @ 40.40

Target 1- 44
Target 2 -48

Stop loss 35


** this idea is for Educational purpose ..please do own analysis.. take call at own risk. !!

HAPPY TRADING. !!
Comment:
If stcok fall bit due to global negative cues then accumulate between 37.70 to 39.50 this is strong support area.. and risk to reward will be more.with strict stop loss 35
Comment:
GMR INFRA as infrastructure stock... govt to boost infra sector in budget ..this stock will be budget beneficiary. ! technically also look strong now. !
Comment:
GMR INFRA 1ST TARGET 44 HIT...today. !!

HAPPY TRADING. !
Trade active
Comment:
GMR INFRA urge of breakout 44.50 SOON. !
Comment:
Bullish sign to break 44.50 in few session ..09/02/2022
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