In the last one year NSE:GMRINFRA has reversed when ever it reaches the 200 day MA. (All has been highlighted in the chart)
It has once again reversed from its 200 day MA.
Go long above - 17.80
T1 - 18.60
T2 - 19.50
SL - 16.60
Double bottom break out and oscillators are positive, MACD cut in weekly chart. These indicators may help it to move up further
Target:
21.5-21.8 range.
Stoploss: 17.90
Vijayaraghavan,
Inditrade, Kovilpatti.
with a infra push coming from government and contract of new airport of navi mumbai the stocks raised as we can see there is retracement happening due to sudden price rise below are the idea for long and short term
Technical Idea
Entry- 18.05
SL-18.75
Target 1- 17.15
Fundamental Idea
Entry-19.65
Sl-19.05
Target-22
with a recent news of infra push and navi mumbai airport contract the stock had good upmove and as we can see from the charts there is a retracement from high point
Technical Idea
Entry-18
SL-19
Target- 17.15
long idea
Entry-19.6
SL-19.05
Target-22
Here is the fundamental news. GMR infrastructure is reducing its debt considerably which gives hope for the investors. You can google and confirm it. Technically my favourite rounding bottom is forming both in weekly and monthly charts. This stock will triple its price in 3 to 4 yrs. Always consult your financial manager before investing.
