GMR
Infra, on a weekly chart price i.e 16.35, has given a
breakout of the downward slopping trend line i.r.16 level, and its moving in a northward
direction also price has a strong support of 20 days moving average of BB i.e.
13.60, which is bullish for the price.
Momentum Oscillator MACD is positive, RSI has more room left on upside which
add more bullishness for the stock price.
Observation: On a daily chart, stock has formed a
symmetrical triangle or continuation pattern, indicate rally will continue for
the multi month.
Looking towards the chart
pattern and study we believe stock may extend its rally towards 29/38/45 levels
whereas 9 will act a support level.
No comments:
Post a Comment