|Buy Range||14.7 – 14.9|
|Target||17.5 – 18.25|
|Duration||45 – 50 Trading Sessions|
|Potential Return^||18 – 23%|
|CMP#||Idea||Buy Range||Target||StopLoss*||Duration||Potential Return^|
|14.8||BUY||14.7 – 14.9||17.5 – 18.25||14||45 – 50 Trading Sessions||18 – 23%|
# CMP on Sep 03, 2019
* Maintain recommended StopLoss by daily closing basis.
Once 1st target hit, reset StopLoss at 16.
^ The returns are calculated based on CMP#
Founded in 1996, GMR Infra engages in Engineering and Construction activites in India. The company operates through Airports, Power, Roads and other segments. The company also engages in coal mining and exploration activities, EPC mining for infrastructure sector, generation and sale of power etc.
|Sectoral Index||Nifty Infra|
TECHNICAL OBSERVATIONS (WEEKLY)
- As we see in the Weekly chart, there is a steady support baseline which is moving upwards along with price rise. Current price is just above the support baseline.
- We expect the stock to remain in a rising trajectory and extend the up move towards 17.5-18.25 in coming months.