Trade Setup_10% upside in GMRINFRA
The stock gave a successful breakout from a falling trendline and managed to close above important resistance level of INR 60.
The stock slid 21% in 2months between Oct-Nov. on back of contracting volume which in fact should be seen as a bullish sign.
The Friday low of 57 is crucial support for the stock now and can also be used as a SL.
The stock should now attempt to rally towards its Oct. high of INR 66.75(10% from CMP).
CMP 60.35
SL 57
TARGET 66
NOTE*- Please take any trading/investing decision only after doing a thorough research in any financial instrument.
The stock slid 21% in 2months between Oct-Nov. on back of contracting volume which in fact should be seen as a bullish sign.
The Friday low of 57 is crucial support for the stock now and can also be used as a SL.
The stock should now attempt to rally towards its Oct. high of INR 66.75(10% from CMP).
CMP 60.35
SL 57
TARGET 66
NOTE*- Please take any trading/investing decision only after doing a thorough research in any financial instrument.
Trading ditutup: target tercapai
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.