navingoyal2003

Education purpose only - GMR

Long
NSE:GMRINFRA   GMR AIRPORTS INFRA
When a stock form a Rounding Bottom pattern and give a BO to a major resistance than it can go to substantial high..

As this seems to be a Quarterly Rounding Bottom pattern so target should be ATH

Entry above 81.40
Target ATH
Comment:
Entry triggered today..
Comment:
Generally if a stock closed above its resistance on weekly basis then it gives a more stronger thrust..
Comment:
Weekly BO confirm today.
Comment:
Looks like Journey of 3 digit started...
Comment:
Solid Retest after BO.. + time wise correction..
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