GMR AIRPORTS LTD - Cup & Handle Breakout! 📈 Chart Overview:
The stock has formed a Cup & Handle pattern, confirming a bullish breakout.
A downtrend resistance has been breached, signaling strong buying interest.
🔍 Key Levels:
Resistance Levels: ₹87.19, ₹90.78, ₹90.86
Support Levels: ₹79.05, ₹75.10, ₹74.96
📊 Observations:
Volume spike supports the breakout, increasing reliability.
RSI at 74.40 indicates overbought conditions, so a slight pullback before further upside is possible.
The risk-reward ratio is favorable, with defined stop-loss and targets.
🚀 Trading View:
If the price sustains above ₹79.05, it can move towards ₹87-₹91 levels.
A retest of the breakout level (₹79) could provide a buying opportunity.
📌 Disclaimer: This is for educational purposes only. Always do your research before making investment decisions.
