GMR Power- Gaining Power for wonderful upmoveWonderful Cup and Handle pattern formed and broke up. Retracement is also done. Exactly took support from the breakout zone this week. All set to power up for the mentioned target.
This budget may act propel it more to fly soon. Fingers crossed. Lets see.
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GMR
GMR INFRA --ROUNDED BOTTOM -- BULLISHGMR INFRA -- DAILY CHART -- ANALYSIS
1. Bullish Rounded bottom formation at Daily chart
2. trendline breakout seen around 36.75 level recently which is bullish indicators
3. same pattern follows target can seen 40-44-48 as per chart setup
4. RSI Seen near 60 level currently 57.8 at closing above 60 will strongly bullish .
5, suppoort and resistance level define as S And R in chart setup
BUY GMR INFRA between 36-38
TARGET 40-44-48
STOP LOSS 28
88 THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk
HAPPY TRADING . !!
GMR INFRA -- INTRADAY - 16/03/2022GMR INFRA 15 MIN CHART INTRADAY SETUP 16/03/2022
>> Lower channel support
>> double bottom support seen at 37.40 level
>> triangle formation seen breakout triangle above 37.75 will be bullish
Buy GMR INFRA above 37.75
Target 1 - 38.50
Target 2 - 39
Stop loss 37
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk. !!
HAPPY TRADING. !!
GMR INFRA -- POSITIONAL -- 2022GMR 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. !!
GMR INFRA Multiyear Breakout CUP Pattern -GMR INFRA form multiyear breakout CUP pattern on Monthly Chart. This will be Good pic for Short term - Mid-term - long term Target.
AS Intelligent investor BUY when everyone is selling on fear and SELL when everyone BUY and make good profit then Y not take this opportunity to have a good pic in portfolio as lower risk and max profit.
BUY GMR INFRA cmp @ 41.45
Short term target 44-48, mid term target - 55-60, long term target 70-80
Stop loss 37
TECHNICAL INDICATORS .
1. Multiyear breakout at 39 level and stock currently conolidating around 41-44 level for upper side breakout.
2. CUP PATTREN FORMATION
3. MA ADX green indicate bullish trend
4. RSI(14) trading above 75 ...(between 75-100) bullish.when stock at uptrend
5. monthly chart breakout candle confirm.
** Please make own study and analysis and take call at own risk.
WISH YOU HAPPY TRADING. !!
NSE:GMRINFRA 300 % shared on 22nd, check out !!NSE:GMRINFRA
#NSE:GMRINFRA trading bullish with our breaking support and zoomed today with 300% returns more than a lac bagged with this script today !!
Chart attached for your reference.
Happy to see the charts performing after many days, wish to see many profit screens !!
check out my profile for complete details.
GMR INFRA BULLISH TREND REVERSAL CANDLE PATTERN GMR Infra Heikin-Ashi Bullish Trend Reversal Candle Pattern
GMR INFRA TECHNICALS bullish candle pattern seen on daily timeframe chart
Hiken-Ashi bullish green candle with no pin bar at bottom continuation of doji candle forms a bullish pattern after consolidation.
BUY @41.30
Extremly Bullish chart pattern very short term target 44-46
stop loss 37 for short term
** Trade Setup for GMR Infra ** ** Trade Plan **
Setup :> Here there is a trendline breakout . So be a Positional Trader in the stock.
Entry :> Should be done on the retest of the trendline
Exit :> Possibly the nearest high shown in the chart.
Stoploss :> The trendline here might work as a support. Stoploss should be kept just below the trendline
Risk : Reward. :> Very Good (1:6)
Position Sizing & Instrument to use :> Depends on the capital and BUY in the Cash Segment i mean equity only.
The Trade :> At first deploy 2% of the capital at the CMP then deploy another 2% just at the retest . If the retest does not occur then donot add on the buy position. Keeping in mind the stoploss .
GMR Infra Technical Analysis. Short Term Bearish TrendIts an amazing sight to see patterns and mathematics following each other so beautifully. GMR Infra is following an ascending channel. I have marked two channels, one in dotted line format (inside channel), and the other one in simple line format.
After March 2020 downfall, it has made a peak which is close to extended Fibonacci level 1.618. I have used two sets of Fibonacci levels based on recent rally and 2020 fall. When you look at the fib levels of two different sets, you'll find how beautifully it has followed these levels, with a fractional standard deviation.
What are we looking at in the future?
The recent price action has made kind of inverted cup and handle pattern, which is suggestive of a bearish move is short term. The supports are placed at 27.30, 26.80-26.65 (this is basically a zone, very good support region), and then at trendline which is close to 24.80. The immediate resistances are at 29.50, 31.75, and 33.90-34.35 (this is basically a zone, very good resistance region).
This stock will fly when it breaks the channel and the resistance zone placed between 33.90 to 34.35. As of now, it might trace back to support region placed at 26-80-26.65, or if the bearish momentum turns out to be strong it might come down to trendline support at 24.80.
That's all about technical's of GMR Infra. Fundamentally, I'll be looking at its plan on reducing debt. Yesterday's results were promising, but still there is a long way to go.
Personally, I'll be looking for breakout to go long on this scrip, and also if it breaks below the lower band of the channel, then it might go into bearish mode or long sideways movement.
Disclaimer: The information provided herein is for educational purpose. Please consult your financial advisor before making any decision.
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