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GMRINFRA is moving n bullish channel in daily time frame. If you can see higher high and higher low formation is happening . crossing 42 then expecting closing above ATH
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
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GMR INFRA
Trend line breakout on daily chart
Buy above 39.5 levels for targets of 42 to 44
Keep short term view and keep trail SL.
In case of Gap up and Gap down avoid setup
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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Pin bar candle formed at bottom of the channel. Good price to enter with low as stop loss. Targets are in chart.
Educational purpose. Trade on your own risk with proper money management.
1. Head & Shoulder in Formation. (Bearish Pattern)
2. Confirmation below 43 DCB.
3. Patterns fails above 45 DCB
4. Pattern completion Target 39. Break down Target 36.
5. Slow moving small stock so Option Trading (on Buying side) is not advised.
6. Consult your financial adviser before entering any trades because it involves monetary risk.
7. Views shared here...
NSE:GMRINFRA
#NSE:GMRINFRA trading bullish and reached Resistance, Post confirmation may show good momentum.
Interested may ping in personal for the levels.
I hope you can now see how 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 favor.
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 that...
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
SL: 28
Risk-o-meter: Mild
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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 !!
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