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....
This type of rounding bottom pattern is seen only in books which is going to happen with this stock after 15 years. There is a possibility to go up....Picture perfect rounding bottom breakout.
When a stock form a Rounding Bottom pattern and give a BO to a major resistance than it can go to substantial high..
As this seems to be a Quarterly Rounding Bottom pattern so target should be ATH
Entry above 81.40
Target ATH
For Educational Purpose..
⚠️ I'm not a SEBI REGISTERED analyst & my view can be biased
⚠️ No Buy Sell recommendation, do your own Analysis.
#GMRINFRA IS READY TO BUY LONG
- After 15 Year Breakout
- On Monthly chart showing Cup & Handle Pattern
Waiting Time 3-6 Months
Long Above - 70
SL - 58
Target - 75, 80, & More...
Thank you
This is the analysis of GMRINFRA in Daily Time Frame. Watch carefully. The chart explains itself.
In DTF GMRINFRA closes above the green up line of Suraranjan Trading Band indicator but facing resistance at immediate level. If it breaks and sustains above the level, good for the stock.
There are some prediction levels. These Levels act as Support and Resistance...
GMR infra near a point where it can break or fall from resistance, it is also near 61 EMA level which if breaks can gain good profit, the level is also near MACD positive cross
GMR INFRA closed with 52week high on 2023, Currently trading around 80.00.
Master candle created in Monthly time frame, Long until it breaks previous candle low of Monthly time frame and Buy futures of March series 2024 and Equity.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
Perfect rounding bottom on quarterly chart..
close above 61 may trigger further buying
wait for weekly close so be more strong..
T 68 and 75... SL 57 (as per weekly chart)
A 15 year historical breakout ... Picture is worth 1000 words. Will leave it for your comments..
Disclaimer - Only for learning and educational purpose and not intended for trading..
