This is the daily chart of GMR Infra. Educational Purpose.
The stock after touching it highs of about 10Years, took a downward trajectory and a healthy correction occurred. The stock took support at 0.382 Fibonacci Retracement (You can check this by creating grid), henceforth continuing its journey in a parallel channel. This Channel Pattern consolidation is visible at 1H Charts. A breakout from this channel will lead the...
Refer chart for details This stock is in correction mode Now we can look for impulse move as there is a double bottom breakout
NSE:GMRINFRA #GMRINFRA reached ATH and retraces, now closed @ resistance level 40 levels, breakout and sustainability will give positive momentum !! Post Confirmation, can try 40 CE Levels shared today and resulted: #IRCTC - 24K #VEDL - 25K #ONGC - 8K #ICICIBANK - 36K #CANBK - 12K #AXIS - 20K #BANKBARODA - 27K #POLYCAB - 14K #CIPLA-7K #POWERGRID - 9K #INDIGO -...
this is the daily chart of gmr infra. educational purpose.
GMR Infra can be bought in F&O Segment with strict hard stop loss as shown in the chart.
Round Bottom Breakout possible! Buy above 37.25 T1 of 43 (short term) T2 of 53 (long term) SL of 33 or asp per your risk appetite Please do your own analysis before making any decisions and also let me know if I missed something. Let's learn together .
GMR infra has done a breakout on 52 week high and also it is on daily high Fibonacci retracement level 0.5 has been crossed with good volume Should touch approx. Fibonacci level one and 1.25
Refer chart for details Has good momentum Lets see what the market does
GMRINFRA 1. short covering closing zone price move 2. strong bulll entry for confirmation gap closing this week 3. after expect target level soooooooooooooooooooooooooooon
GMRINFRA is looking good for a target of close to 34. A strong close above the 50-EMA, triple bottom with strong support at 27.35, MACD and RSI – all these indicate a significant upside potential. I would buy 50% of volumes at the current price and rest 50% once the price crosses 30.
NSE:GMRINFRA buy above 37 SL closing below 32 closing above 40 45, 49, 54 can be seen
Its 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...
thier is strong support their may be some time before move but it is in buying zone
This is a possibility of ABCD harmonic pattern formation . Risk takers can enter with Stoploss of 27 for a target of 35.5 or short near 35.5 with 37 as stoploss for 31/27.5 Targets . Note : Idea is strictly for Educational Purposes.
>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