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 🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive...
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.
In the daily chart, a strong uptrend is found with higher volumes indicating a further increment in the prices.
Though it is not the perfect one still it can be considered for the break out trading.
GMR INFRA EQUITY Levels...22/03/2021 (M Candle)
Since I have received many queries, traders interested in Intraday Equity Cash & Futures calls/strategies, you can direct message me for further details. Minimum 1:2 risk/reward ratio.
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LONG GMRINFRA AT POC 26.5 SL - EXIT IF DAY'S CLOSE BELOW 25.8
Price reached the resistance level once again 24.50, if closes above this level then the target will be the trend line running through the TOP.
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...
NSE:GMRINFRA trading in a channel. Possibility of reversal.
as chart showing, accumulate between 14-16 for 30-32, SL 12 time frame 2-3 years
Key Levels for LT: UPPER BREAKOUT~860.55 FIRST TARGET~872.60 INTERIM RESISTANCE~884.65 FINAL RESISTANCE~895.60 *************************** LOWER BREAKOUT~840.85 FIRST TARGET~829.90 INTERIM SUPPORT~817.85 FINAL SUPPORT~804.70 My views are for educational purposes only. Please trade with caution and consult your financial adviser before trading.
Not a part of the trade. Just learning price action.