Greetings Folks, today I have prepared a setup of NSE:GMRINFRA on NSE the analysis is as follows- - the stock is in overall bullish trend - right now consolidating in a tight range - wait for the breakout of this range - if it breaks down use the fib levels as support don't play with fire, always use a predefined stop loss
NSE:GMRINFRA GMR INFRA Gives brake out on daily chart. Buy Near 93-94 Sl 86 Target 110 Time duration 1 month Risk Reward Ratio ---- 1 : 2.20 Profit on capital Ratio ---- 20%+
GMRINFRA Monthly chart first target 120 but 120 it's also resistance point so book half quantity on 120 & Second Target 200.
Hi every one this is gmrinfra chart rounding pattern plus fibaanacci combo