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By EquityPandit

GMRINFRAMARKET OUTLOOKSTOCK OUTLOOK

Gmr Infra Outlook for the Week (August 07, 2023 – August 11, 2023)

Gmr Infra closed the previous week on a negative note losing 3.83%.

Technically, Gmr Infra share price will see immediate support at 50.38 and immediate resistance would be seen at 52.38.

If Gmr Infra share price closes below immediate support of 50.38, then sharp breakdown can be seen. Gmr Infra share price will see major support at 49.32 for the week.

54.0054.0052.0052.0050.0050.0048.0048.0046.0046.0044.0044.0042.0042.0040.0040.00Jun 23Jun 23Jun 28Jun 28Jul 4Jul 4Jul 7Jul 7Jul 12Jul 12Jul 17Jul 17Jul 20Jul 20Jul 25Jul 25Jul 28Jul 28Aug 2Aug 2Reversal Level 50.23BuyBuySell

On the positive side, immediate resistance will be seen at 52.38. Closing above 52.38, Gmr Infra share price will see a sharp breakout. Major resistance for Gmr Infra share price will be seen at 53.32 for the week.

Trading range for Gmr Infra share price for this week should be between 48.38 on down side and 54.38 on up side.

Gmr Infra Previous Week High: 52.25

Gmr Infra Previous Week Low: 50.25

Gmr Infra Previous Week Range: 2 Points

Gmr Infra share price support and resistance for the week (August 07, 2023 – August 11, 2023)

Level Type Value
Resistance 3 54.38
Resistance 2 53.32
Resistance 1 52.38
Support 1 50.38
Support 2 49.32
Support 3 48.38

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