G R Infraprojects - Rounding Bottom and Dow TheoryA beautiful rounding bottom pattern.
The chart is making Higher High and Higher Lows.
When the macro-economic factors are negative, it is best to stick with proven patterns to increase the probability of a successful trade.
Infra space in India is a no brainer. Stoploss is pretty close so that once the trade is triggered on daily closing basis the risk reward ratio stays healthy.
GRINFRA
GR Infraprojects for 30% riseThe stock has likely completed wave iv of larger Wave 1 (that began in March’23) on 29th Aug’24, as seen in the chart. It now should resume its alight as wave v that can take its price to a minimum of 2000+ levels (>30% from current levels of 1530).
Both RSI and volumes seem to be in alignment of this view. After the move and completion of Wave 1, the price may correct back to around 1500 levels.
This is not a trade recommendation. Please do your own due diligence.
GRInfra-An underperforming gem stock!GRInfra has given a symmetrical triangle breakout of a big consolidation.
Stock has been underperforming since quite few years and stock can fly if breakout is successful.
Stock has got amazing fundamentals and is a gem stock for long term.
Investors who believe in India's infra story should not miss this stock.
Long Position Opportunity in GR Infrastructures A promising long position opportunity emerges in GR Infrastructures, as both price action and key indicators signal a potential reversal.
*Technical Analysis:*
Recent price action in GR Infrastructures has shown signs of a keen reversal, supported by various technical indicators. Notably, indicators such as MACD, RSI, and stochastic oscillators are exhibiting bullish divergences or crossover patterns, suggesting a shift in momentum towards the upside. Additionally, the stock price has approached significant support levels, further enhancing the bullish outlook.
*Trade Setup:*
For traders considering a long position, precise target and stop-loss levels are essential components of a well-defined trading strategy. These levels, meticulously outlined on the accompanying charts, offer clear guidance for entry, exit, and risk management.
*Target and Stop-loss Levels:*
- *Target:* Identified resistance levels indicate a potential upside target for the trade, reflecting the anticipated bullish momentum.
- *Stop-loss:* A predetermined stop-loss level is strategically placed to mitigate downside risk and safeguard capital against adverse price movements.
*Conclusion:*
In conclusion, GR Infrastructures presents an attractive opportunity for a long position, characterized by compelling reversal signals on both price action and technical indicators. Traders are advised to carefully consider the provided target and stop-loss levels to execute the trade effectively and manage risk prudently.
Disclaimer: Trading involves inherent risks, and individuals should conduct their own research or consult with a financial advisor before making any investment decisions.
GMRINFRA Analysis & PredictionThis is the analysis of GMRINFRA in Daily Time Frame. Watch carefully. The chart explains itself.
In DTF GMRINFRA closes above the green up line of Suraranjan Trading Band indicator but facing resistance at immediate level. If it breaks and sustains above the level, good for the stock.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About GMRINFRA:
GMR Airports Infrastructure Ltd. engages in the infrastructure development. It operates through the following segments: Airports, Power, Road, Engineering Procurement Construction, and Other. The Airports segment provides landing and parking, passenger services and UDF in airports. The Power segment consists of energy and coal trading income from GETL, GCRPL and GISPL. The Road segment engages in road operations. The Engineering Procurement Construction segment engages in handling EPC solutions in infrastructure sector. The Other segment comprises of investment activity and corporate support to various infrastructure special purpose vehicles. The company was founded on May 10, 1996 and is headquartered in New Delhi, India.
GRINFRANote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
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