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.
Trendline breakout, made higherhigh, came down for retracemet. Currently at the Retracement Level. Buy Min Qty as one more Proper Buying Zone is Below. Maintain Stoploss.
GMR Airport Infra CMP 85 very good on technical chart . Breakout after a long IHnS formation and having target of 119. Also showing BO after 2009 which has a tgt of 144.
Airport traffic is on the rise and GMR is handling many busiest airports in INdia.
GMR Infra looks bearish, at least in the short term. Based on my setup, it looks like it is ready for a big move and it might just be a strong pull towards the downside. The rationale is that the market is looking to correct a bit (short term, nothing wrong fundamentally), and GMR has a bearish setup and hence might follow the same overall negative trend. GMR 75...
GMR Infrastructure Limited (CMP: 68.90) has given a breakout on a daily chart. Also, the stock has given a range breakout on the Weekly chart. It has a possible upside of 75,93,144. One can place a stop loss of 58.30 (W) basis. Also, good volume can be seen daily (487.22M). A level of 66 can act as a support zone.
Disclaimer: I am not a SEBI registered analyst....
