GMRINFRA trade ideas
GMRINFRABuy Entry @ 37
Target @ 44
Stop Loss @ 35
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best of luck..
Shakthi
Multi timeframe analysis - GMRINFRALet's look at the multi time frame analysis to get a better view of the trend of NSE:GMRINFRA .
Monthly timeframe - It had given multi year breakout and made a new 52 week high in 2021. It's been retracing with decreasing volume since then. It also looks like previous resistance is now acting as a support and based on the candlestick analysis it looks like it will hold.
Weekly timeframe - In weekly timeframe, retracement move has formed falling wedge pattern which indicates that sellers are losing control. The price made a breakout from falling wedge pattern with significant volume which indicates huge influx of buying pressure.
45 minutes timeframe - In 45 minutes timeframe another falling wedge pattern has been formed after price broke out from weekly wedge pattern. The price made a breakout from this falling wedge pattern with significant volume which indicates huge influx of buying pressure.
There are different ways of playing falling wedge pattern. You can either play breakout after price closes above the resistance line or you can wait for the pullback after the breakout and enter at a support zone after getting a reversal confirmation. The price target should be of the same length as of the back of the wedge.
Back of the falling wedge is highlighted with an ellipse. It terms of price, that is of a 15.20 points length. Target is set by adding the back length to the Wedge breakout level and it turns out to be around 51.
Let's see how it plays out.
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GMR Infra Long13 year CUP breakout,
Monthly RSI PRD
Weekly Bollinger inside outside
Daily RSI crossed 60
Bearish view towards #GMRINFRA #H&S ##EMAGMR Infra: This one doesn't seems to be in good shape. Forming H&S pattern. LLLH formation in place. Price < EMA9,20,50,100. Any bounce towards 41-42 should be an opportunity to exit / have bearish position. More weakness / confirmation < 37. Keep eyes.
GMR Infra | Longterm and Short term ViewLong term positive
Current Indian Budget is focussed on Infra so can be a positive side
levels mentioned in the chart
GMRINFRA in support GMRINFRA @ This stock current price 43.30
GMRINFRA @ Rsi 43.55 last time rsi come to 43 this level then seen buying
GMRINFRA @ Divergen is still visible that's called hiden bulish divergen sorry
*for bad English*
Monthly Triangle Breakout GMR Infra monthly triangle breakout, expecting target marked on Flag. Let's see.
GMRINFRA - Breakout or Fakeout? - Watch out 43.35 & 46.10 levelGMRINFRA has been on a run for last 2 years, already up by 300%. It recently tried to break out the trend line, but it needs to be to close above the 43.35 levels for break out confirmation. It's also testing the key weekly and monthly levels in the charts, consolidated for a very long time forming a strong base. Keep an eye on the levels 46.10 levels, break out can be explosive. Any rejection from the levels 43.35 & 46.10 will make the stock further consolidate for some more time.
GMR LONG TERM 1. Lot of interest from buyers , Kota bought it in SMall cap Fund
2. Positive sentiment , for this midcaps
3. Buy at 37 levels and targte 58-60 in short term
4. Invest 20% of capital for Sectoral .
GMRINFRA LONGRounding pattern formed in GMRINFRA, it can continue to move on the upside.
Follow the markings made in the chart.
GMRINFRA DAILYGMRINFRA flag n pole bo looks good for a positonal trade
its high year bo at 39 level manage ur risk
views personal
GMRINFRA - Bullish BAT Harmonic Pattern with RSI Convergence GMR INFRA making Bullish Bat Harmonic Pattern with Positive Convergence showing in RSI.
Stock confirmed support level at 27.50 and may continue in range for some time to attract more buyers.
NOTE : Any NEWS & Earnings create stock more volatile so follow the strict SL as per your risk apatite.
SHORT POSITION - GMR INFRASTRUTUREIts looks Head and shoulder pattern. its Rejected from FIB 0.3. Expected to go down.
2 Weeks
Please Keep Stop loss Before take the trading also analyze with own trading strategy.
Its only my own analyze and I'm not SEBI Registered.
GMR INFRASTRUCTURE.
GMR INFRA - BUY & HOLDGMR INFRA - BUY & HOLD
RSI - Daily & Weekly Charts 77 which is on the oversold Zone, But Monthly charts its on 55.
We might see a slight range of 41 - 43 for a while post which we can look at the below targets
Targets - 46 - 50 this month hopefully.
Happy trading
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GMR IDEAfrst 46.50---51.30
or
second 42.05---51.30
or
third 51.30--- 60 above
these are three possible setup for GMR INFRASTRUCTURE.
GMR=BULLISH
BUY HOLD TILL 51.30
Wedge Pattern BreakoutStock Analysis: GMRinfra has broken the wedge pattern it is good buy around immediate demand zone for the target given on the chart.
lets' see
Happy Investing!
