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By EquityPandit

GMRINFRAMARKET OUTLOOKSTOCK OUTLOOK

Gmr Infra Outlook for the Week (October 02, 2023 – October 06, 2023)

Gmr Infra
Gmr Infra
Gmr Infra closed the previous week on a negative note losing 4.00%.

Technically, Gmr Infra share price will see immediate support at 58.10 and immediate resistance would be seen at 60.50.

If Gmr Infra share price closes below immediate support of 58.10, then sharp breakdown can be seen. Gmr Infra share price will see major support at 56.65 for the week.

68.0068.0066.0066.0064.0064.0062.0062.0060.0060.0058.0058.0056.0056.0054.0054.0052.0052.00Aug 18Aug 18Aug 23Aug 23Aug 28Aug 28Aug 31Aug 31Sep 5Sep 5Sep 8Sep 8Sep 13Sep 13Sep 18Sep 18Sep 22Sep 22Sep 27Sep 27Reversal Level 60.40BuySellSell

On the positive side, immediate resistance will be seen at 60.50. Closing above 60.50, Gmr Infra share price will see a sharp breakout. Major resistance for Gmr Infra share price will be seen at 61.45 for the week.

Trading range for Gmr Infra share price for this week should be between 55.70 on down side and 62.90 on up side.

Gmr Infra Previous Week High: 60

Gmr Infra Previous Week Low: 57.6

Gmr Infra Previous Week Range: 2.4 Points

Gmr Infra share price support and resistance for the week (October 02, 2023 – October 06, 2023)

Level Type Value
Resistance 3 62.90
Resistance 2 61.45
Resistance 1 60.50
Support 1 58.10
Support 2 56.65
Support 3 55.70
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{"buy_point":[{"en_ltd":"2023-09-05","en_sup_p_91":"63.70","en_sup_t_91":"61.14","prev_close":"63.35","en_close":"63.90","new_date":"Sep 5","prev_close_no":63}],"sell_point":[{"en_ltd":"2023-09-12","en_sup_p_91":"62.04","en_sup_t_91":"64.53","prev_close":"64.35","en_close":"59.50","new_date":"Sep 12","prev_close_no":64},{"en_ltd":"2023-08-28","en_sup_p_91":"61.34","en_sup_t_91":"64.09","prev_close":"62.20","en_close":"60.75","new_date":"Aug 28","prev_close_no":62}]}

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