GMR Power: Strong Breakout with Financial MomentumFundamental View
➡ Net profit of ₹1,225.2 crore in Q1 FY24
➡ EBITDA margin expanded by 150 bps YoY
➡ Strong financial performance driven by operational efficiencies
➡ Positioned well in the power and infrastructure sector
Technical View
➡ Bullish breakout above ₹107 with strong momentum
➡ Ascending trend line providing robust support
➡ RSI near 67, indicating strong momentum
GMRP_UI
#GMRP_UI GMRP&UI 23 target 35+
GMRP_UI GMRP&UI
CMP 23
Target 35
SL 18
RR >2.5
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia