Trade Setup_10% upside in GMRINFRA

26 พ.ย. 2023

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.

8 ธ.ค. 2023

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