GPT Infraprojects cmp 134.56 by Daily Chart viewGPT Infraprojects cmp 134.56 by Daily Chart view
- Support Zone 112 to 122 Price Band
- Resistance Zone 140 to 150 Price Band
- Support Zone tested and retested well before breakout
- Falling Resistance Trendline from ATH broken and sustained
- 2nd recent Falling Resistance Trendline Breakout too seems sustained
- Heavy Volumes surged seen over past 2 days by demand based buying
- Bullish Rounding Bottoms by Resistance Zone neckline indicate upside momentum readiness
GPTINFRA
GPT Infraprojects cmp 130.86 by the Daily Chart viewGPT Infraprojects cmp 130.86 by the Daily Chart view
- Support Zone 104 to 112 Price Band
- Resistance Zone 137 to 146 Price Band
- Rising Support Trendline sustained after few days of dip flips
- Falling Resistance Trendline broken, sustained, reattempt for breakout
- Bullish Rounding Bottom completed but contained at Resistance Zone neckline
- Volumes have been seen surging very heavily intermittently, over past few days
- *Subject to Breakout and sustained closure above Resistance Zone, fresh upside maybe anticipated*
GPT INFRAWatch GPT INFRA on a weekly timeframe.
It has been forming a cup and handle pattern. It has seen trying to break from the descending channel today. It might breakout of the channel in the upcoming days. If it breaks the channel and stays above 90-100 levels we can see price moving to 150 levels.
Please note that I am not a sebi registered analyst.
Please analyse your self before investing.