GMR AIRPORTS LTDShort
Short term negative view on GMR Infra
Updated
GMR Infra looks bearish, at least in the short term. Based on my setup, it looks like it is ready for a big move and it might just be a strong pull towards the downside. The rationale is that the market is looking to correct a bit (short term, nothing wrong fundamentally), and GMR has a bearish setup and hence might follow the same overall negative trend. GMR 75 PE (Put option) is currently trading at Rs 0.3 and I believe this looks attractive.
THIS IS NOT A RECOMMENDATION TO GO SHORT IN GMR INFRA NOR AM I ASKING TO BUY ANY OPTIONS. THIS IS JUST TO PUT THE STOCK IN SPOTLIGHT SO YOU GUYS CAN DO YOUR OWN RESEARCH ON THE STOCK. I HAVE SPOTTED THIS AND WANTED TO SHARE THIS. PLEASE CONSULT YOUR FINANCIAL ADVISOR BEFORE TAKING TRADES.
THIS IS NOT A RECOMMENDATION TO GO SHORT IN GMR INFRA NOR AM I ASKING TO BUY ANY OPTIONS. THIS IS JUST TO PUT THE STOCK IN SPOTLIGHT SO YOU GUYS CAN DO YOUR OWN RESEARCH ON THE STOCK. I HAVE SPOTTED THIS AND WANTED TO SHARE THIS. PLEASE CONSULT YOUR FINANCIAL ADVISOR BEFORE TAKING TRADES.
Note
Great move on the downsideNote
Target reached
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