NSE:GPTINFRA BSE:GPTINFRA
Time Frame – Weekly
Technical Observations –
1) Cup & Handle pattern form
2) Breakout above 105-115 zone
3) High volume seen
Resistance – 147.90 / 187.35 / 220.80 / 248
Support – 67.50 & Weekly 200 SMA
DISCLAIMER : NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purpose...
Watch GPT INFRA on a weekly timeframe.
It has been forming a cup and handle pattern. It has seen trying to break from the descending channel today. It might breakout of the channel in the upcoming days. If it breaks the channel and stays above 90-100 levels we can see price moving to 150 levels.
Please note that I am not a sebi registered analyst.
Please...
Stock after gaining whopping 170% in just 2 months (May - July) has consolidated and is on verge of breakout from flag pattern on weekly chart in coming days, weeks. One can consider long position with SL 75 on weekly CB or wait for the price to close above the upper trend-line and ride the trend. Targets mentioned on chart, as those levels acted as resistance in...
Rounding Bottom Pattern
GPT Infra
entry levels on retesting levels 82
SL=59.3
1st Target=111.4
2nd Target=151.9
If breakout above 111.4 in this week with huge volumes on DCB can go for buying, aiming target of 151.9. SL remain intact.
The stock looks good to buy for a quick 10-20% quick profit.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
GPT Infraprojects Ltd. engages in construction activities for infrastructure projects and concrete sleeper manufacturing business. It operates through the following business segments: Infrastructure and Concrete Sleepers. The Concrete Sleepers manufactures concrete sleepers. The Infrastructure segment consists of the execution of construction contracts and other infrastructure activities. The company was founded on July 18, 1980 and is headquartered in Kolkata, India.
NSE
![GPTINFRA: [SHORT TERM INVESTMENT] GPT INFRAPROJECTS](https://s3.tradingview.com/w/W0oqO90s_mid.png "[SHORT TERM INVESTMENT] GPT INFRAPROJECTS")
