NSE:GMRINFRA viewpoint
the stock has given good breakout on weekly time frame sometime back around 45 levels
cmp is 46
potential to give 50% to 100% gains
this analysis is for knowledge sharing and educational purpose .
this post is not a buy or sell recommendation.
BUY - GMR AIRPORTS INFRA
CMP - Rs. 63
Target - 1: Rs. 87
Target - 2: Rs. 108
.
Timeframe - 3 months - 8 months
.
Technicals - Ascending Channel Breakout
.
This is just a view by an expert analyst, please invest at your own risk.
.
Follow me for more!
GMR INFRA | Breakout trying to hit 2009 all time high
Stock is giving good breakout to hit earlier higher points on 2009. Long term investment to achieve atleast 50% profit
A clear breakout on the weekly charts. Any retracement below the level of 48 is an opportunity to go long from where we can see an up move till the levels of 55-60 on a positional basis with a strong support of 44 on daily closing basis below which the breakout will fail.
NOTE: NOT SEBI REGISTERED. THIS IS NOT AN INVESTMENT STRATEGY AND ONE SHOULD DO RESEARCH OR...
One time this stock was rocking.
due to several reasons its decline started.
Now its turn around it taking place,
its 5 th wave in progress.
Like this post if it helps you.
follow me to get updates
In Sep 2021, prices confirmed a change of trend in the stock by negating the lower high formation.
Last month, prices confirmed continuation of up-trend by clearing its prior peak of 46.
Prices are expected to test next major resistance around 80.
Staying above 45 would keep upside momentum intact.
Analysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 15th June, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your...
GMR INFRA is forming a 15 years breakout candidate on monthly chart. with Nifty Infra index hovering over a multidecadal resistance, GMR INfra cam be a good candidate for break out.
Disc : Invested from lower levels, not a reco for buy or sell.DYOR
Long GMRINFRA, I have taken ATH as nimber of bar to get the all the incming swings of GMR and checking that next resistance date would be 12 may so before 12 may traingle breakout can give very good move expecting depth of traingle as target.
#GMRINFRA : Wedge Breakout & VCP Breakout
>> Positional call (1-3 months)
>> Enter at cmp or at retraement till safe entry levels
>> Good Volume Buildup Lately
>> Good Strength in stock
>> Swing traders can book profits at 5-10% fully or partially and keep trailling
Keep liking & sharing for more such analysis
@moneyfesttrading
