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
Today's market was a roller coaster as indices move up and down widely due to the budget of 2023. But in the late market hours, stocks started to tumble and posted red candles.
This one stock had caught my eye for quite sometime and I was waiting for this day to see its price movements. As you can see a clear head and shoulders pattern emerged. After breaking the...
GMINFRA has been consolidating in a range for a while. Breaking the falling trendline it can go up for 8-14%.
Wait for the Break & Retest. Don't jump in carelessly.
Entry - Close above 38.35
Target 1 - 40.70
Target 2 - 44.50
SL - 35.65
Views are personal, trade after own research.
Trade Or Invest Wisely.
We Can Just Predict.
Disclaimer: I am not a SEBI registered advisor, so before entering on my view please ask your SEBI registered advisor. Profit is your and loss is yours.
Please like and share if you agree with the idea.
