Hi,
NSE:GMRINFRA has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry,...
NSE:GMRINFRA looks good at current levels for a swing towards upper end of the channel which is near 110/130 marks. Momentum indicator has also started to show signs of turnaround. One can Buy at current levels for a move towards higher level in next 1-2 months. To mitigate risk stop loss can be placed below 75 on weekly closing basis.
GMR Airports Cmp 90.75 dated 26-4-2024
1. Triangle Pattern BO @ 92
2. Price Rise with Volumes
Buy above 92 target 110 SL 82
it is just a view, please trade at your own risk.
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
A right shoulder is yet to be finished so this particular stock "GMRINFRA" is only a stock to watch. If this pattern finishes with valid rules for the pattern, we can see the prices falling to the 53-55 range.
GMR Airports Infra - Long
Price levels
Buy & accumulate zone: 87.65 – 76.25
Target 1: 94.35
Target 2: 101.80
Major Support: 74.25
**Disclaimer:
I am NOT a SEBI registered consultant/Advisor (and NOT any country-authorized board registered consultant/Advisor). It is completely my view and opinion.
My intention is not to provide any financial advice, training...
Trade Type.
Trendline breakout
With all due stoploss and Target
Target and Profit Loss mentioned in bottom @left
Qty mentioned in Lowline last(Value approx 3 lakh)
Stoploss % mentioned above the High and Low
Which position is active mentioned on Top
Do you one analysis but If you do this trade it is advisable to hold up to stop and target
KEEP GMR infra in your watchlist
forming a Penant
buy once it close above 44 on daily basis
keep stop loss 34 on DCB (Daily close basis)
Tgt by Mar'25 can be in range of 70-75
happy learning
happy investing
Technical view over GMR Infra. Right now it is trading into range "W" Pattern is complete on upper side and target achieved. High risky position now as per me.
Weekly TF is showing a formation of a large CnH pattern and then again a small CnH pattern with a breakout from both on Friday Close.
Could be very interesting, if only it sustains these BO levels.
Always trade with a stoploss.
Infra theme is going to be on the forefront in 2024 following the Budget in which the sector was highly talked about. GMR Infra has a very high weightage in the same and the chart looks very appealing. One can start accumulating this stock as it's at a crucial demand zone. View invalid below 75. Targets can be big
*for educational purpose only.
As infrastructure is getting high attention GMR INFRA is best for heavy investment.
Volume is good with high momentum. Big players taking their positions.
RSI is above 60 on monthly chart.
Stock is trading near to its 16 years resistance.
Making cup of more than one decade.Longer the cup stronger the move.
GMR Infra is at an important
resistance line which is a 13 year strong resistance.
A strong weekly and monthly candle indicate that it
may cross the horizontal resistance line.
After that next resistance is 55.
Looks good for going long if closes above the resistance line
with volume.
SL 40-41.
