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 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 !!
check out my profile for complete details.
GMR INFRASTRUCTURE LTD. -
Date - 8th December 2021
Weekly Charts - Cup and Handle Pattern
Daily Charts - Bullish Flag Pole
Note - Soon De-Merger of GMR Urban Infra.
New Company will be listed before March 2022.
Awaiting Details from NCLT soon.
** All Capital Market Standard Disclaimers Apply **
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...
GMR Infra - Daily
Seems to have broken out for the 5th wave
Suggested buying is not immediate but after it retraces for 2nd of 5th and then gives bullish reversal for 3rd of 5th
You may be able to buy it cheaper then
Watch the hourly ripple for a suitable buy signal
Price action looks good in the weekly timeframe too
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.