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By EquityPandit

GMRINFRAMARKET OUTLOOKSTOCK OUTLOOK

Gmr Infra Outlook for the Week (September 04, 2023 – September 08, 2023)

Gmr Infra
Gmr Infra
Gmr Infra closed the previous week on a negative note losing 5.78%.

Technically, Gmr Infra share price will see immediate support at 60.60 and immediate resistance would be seen at 64.25.

If Gmr Infra share price closes below immediate support of 60.60, then sharp breakdown can be seen. Gmr Infra share price will see major support at 58.25 for the week.

70.0070.0065.0065.0060.0060.0055.0055.0050.0050.0045.0045.0040.0040.00Jul 21Jul 21Jul 26Jul 26Jul 31Jul 31Aug 3Aug 3Aug 8Aug 8Aug 11Aug 11Aug 17Aug 17Aug 22Aug 22Aug 25Aug 25Aug 30Aug 30Reversal Level 63.70BuySell

On the positive side, immediate resistance will be seen at 64.25. Closing above 64.25, Gmr Infra share price will see a sharp breakout. Major resistance for Gmr Infra share price will be seen at 65.55 for the week.

Trading range for Gmr Infra share price for this week should be between 56.95 on down side and 67.90 on up side.

Gmr Infra Previous Week High: 63.2

Gmr Infra Previous Week Low: 59.55

Gmr Infra Previous Week Range: 3.65 Points

Gmr Infra share price support and resistance for the week (September 04, 2023 – September 08, 2023)

Level Type Value
Resistance 3 67.90
Resistance 2 65.55
Resistance 1 64.25
Support 1 60.60
Support 2 58.25
Support 3 56.95

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