GMR infra - Stock is being accumulated providing an increased momentum
Risky passive investors who can buy & forget the money invested can buy this stock at CMP 19-20
Allocation % should not be so high that it causes a dent in portfolio if things dont work out
1ST TARGET 15.65 AND
2ND TARGET 17.55 VERY IMPORTANT LEVEL TO CROSS, IF CROSS AND HOLD THERE THEN 20.
STOP LOSS 14
Disclaimer: All posts/views are for educational purpose only..!!
Kindly contact financial advisor before taking position/decision.
Double bottom break out and oscillators are positive, MACD cut in weekly chart. These indicators may help it to move up further
There seems to be a potential Bearish Bat formation on NSE:GMRINFRA on the daily charts.
A short can be initiated at 13.88
Target 1: 12.48
Target 2; 11.65
Please Note: The lot size for futures of this stock is 45,000 units.
Disclaimer: The chart is only for educational purposes and in no way a recommendation to trade. Please conduct your own...