Tgt 41.5, above that 44 and 49.6. GMR changing patterns from lower lows to higher highs with overall resistance around 49.5 and 50.
Stock has been trading with good volumes recently and shown decent strength after long consol between 34-37 levels. Keep strict sl as lot sizes are high. Do ur own DD
Today I picked GMR Infra because, it broken trendline resistance on closing basis. The following factors are considered by me for picking this.
1. Good Amount of Volumes at breakout.
2. Huge Long position built in Futures & Options.
3. Resistance Breakout
For BTST trades Keep profit as 2% - 3%
Keep SL and Target profits mentioned on the chart for short term...
GMR INFRA -- DAILY CHART -- ANALYSIS
1. Bullish Rounded bottom formation at Daily chart
2. trendline breakout seen around 36.75 level recently which is bullish indicators
3. same pattern follows target can seen 40-44-48 as per chart setup
4. RSI Seen near 60 level currently 57.8 at closing above 60 will strongly bullish .
5, suppoort and resistance level...
The stock has given a falling wedge pattern breakout and given a strong closing above the upper trendline and all EMA.
Buy above 38.5 level (on day closing basis) for positional target of 40.85.
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing...
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets...
GMR INFRA
Trend line breakout on daily chart
Buy above 39.5 levels for targets of 42 to 44
Keep short term view and keep trail SL.
In case of Gap up and Gap down avoid setup
----
Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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GMR INFRA 15 MIN CHART INTRADAY SETUP 16/03/2022
>> Lower channel support
>> double bottom support seen at 37.40 level
>> triangle formation seen breakout triangle above 37.75 will be bullish
Buy GMR INFRA above 37.75
Target 1 - 38.50
Target 2 - 39
Stop loss 37
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk. !!
HAPPY TRADING. !!
GMR INFRA --POSITIONAL
TECHNICAL INDICATORS ON DAILY CHART.
1..RSI move from oversold level and made double bottom at daily chart
2. Strong support seen at 35.-37.50 level where stock take trendline support also and bounce back
3. Potential upside 20-30% From buy level .. resistance seen around 40-42-44 , this can place as target.
4. good velum seen at support...
GMR Infra looking weaker based on current pattern formation. H&S pattern formation is in progress. Neckline of this pattern will be the near time target.
RSI is also moving down with a series of divergence over the peak of H&S pattern.
If the neckline is broken strongly then the fall could be big with nearly 30% correction from the current level and this may...
Pin bar candle formed at bottom of the channel. Good price to enter with low as stop loss. Targets are in chart.
Educational purpose. Trade on your own risk with proper money management.
1. Head & Shoulder in Formation. (Bearish Pattern)
2. Confirmation below 43 DCB.
3. Patterns fails above 45 DCB
4. Pattern completion Target 39. Break down Target 36.
5. Slow moving small stock so Option Trading (on Buying side) is not advised.
6. Consult your financial adviser before entering any trades because it involves monetary risk.
7. Views shared here...
