GMR INFRASTRUCTURE NSE:​GMRINFRA

GMR is giving impulsive indications out of the blue. My count has it doing an ABC on the longer time frames , currently on the C down to complete a larger 2 of an impulse of next larger degree. I have my bids spread in INR 13-15 region. Although , it can all turn out to be a false hope and the market can continue downwards if there not enough buy pressure to...

NSE:GMRINFRA Sell initiate for 29 Oct 2018 using 30 min chart based on Fibonacci levels, check below sell level Sell Below : 15.4 Stop Loss : 15.85 Target : 15.15

Description and levels in the chart

The bearish move may get arrested with result. Presently below the fan of influence and with positive movement entry above 18.65 is better.

as the chart says

Breakout in GMR INFRA