GMR INFRA form multiyear breakout CUP pattern on Monthly Chart. This will be Good pic for Short term - Mid-term - long term Target.
AS Intelligent investor BUY when everyone is selling on fear and SELL when everyone BUY and make good profit then Y not take this opportunity to have a good pic in portfolio as lower risk and max profit.
BUY GMR INFRA cmp @ 41.45
Short term target 44-48, mid term target - 55-60, long term target 70-80
Stop loss 37
TECHNICAL INDICATORS .
1. Multiyear breakout at 39 level and stock currently conolidating around 41-44 level for upper side breakout.
2. CUP PATTREN FORMATION
3. MA ADX green indicate bullish trend
4. RSI(14) trading above 75 ...(between 75-100) bullish.when stock at uptrend
5. monthly chart breakout candle confirm.
** Please make own study and analysis and take call at own risk.
WISH YOU HAPPY TRADING. !!