The 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...
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.
GRINFRA has given a breakout from symmetrical triangle pattern on 1D timeframe. It is also trading above its 200 EMA. Go long after bullish confirmation.
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...
This 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...
GRinfra Long (10 Aug)
RSI- 70
Consolidation breakout at 100 day EMA, positive crossover
Buy at CMP- 1410 or at 1350
SL- 1280
Target- 1570, 1645
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Charts and views are only for educational purpose.
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
