>Good consolidation after breaking out of a inverse head and shoulder pattern on daily as well as weekly chart
>Breakout with huge volume
>A long position can be initiated @32 with a stoploss of at 30
>Favorable risk reward ration of above 2
GMR infrastructure has taken a clear breakout and retracement on this position, so give an entry with appropriate Stop loss
This study is for equity delivery trade and not for FO positional or intraday
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
TREND ANALYSIS & TRADE SETUP !
WAVE ANALYSIS !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for ENTRY CONFIRMATION !
Risk:Reward: 8-10 times.
Honest technical gurus are bullish on this and I do agree. The stock is now flying after successful retest of the support.
Targets: 38, 47, 57
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I hope you can now see how the Gmrinfra represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed...