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.
Comment:
Great move on the downside
Comment:
Target reached