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By EquityPandit

GMRINFRAMARKET OUTLOOKSTOCK OUTLOOK

Gmr Infra Outlook for the Week (September 25, 2023 – September 29, 2023)

Gmr Infra
Gmr Infra
Gmr Infra closed the previous week on a negative note losing 7.05%.

Technically, Gmr Infra share price will see immediate support at 56.50 and immediate resistance would be seen at 60.80.

If Gmr Infra share price closes below immediate support of 56.50, then sharp breakdown can be seen. Gmr Infra share price will see major support at 54.45 for the week.

68.0068.0066.0066.0064.0064.0062.0062.0060.0060.0058.0058.0056.0056.0054.0054.0052.0052.0050.0050.00Aug 10Aug 10Aug 16Aug 16Aug 21Aug 21Aug 24Aug 24Aug 29Aug 29Sep 1Sep 1Sep 6Sep 6Sep 11Sep 11Sep 14Sep 14Sep 20Sep 20Reversal Level 60.40BuySellSell

On the positive side, immediate resistance will be seen at 60.80. Closing above 60.80, Gmr Infra share price will see a sharp breakout. Major resistance for Gmr Infra share price will be seen at 63.05 for the week.

Trading range for Gmr Infra share price for this week should be between 52.20 on down side and 65.10 on up side.

Gmr Infra Previous Week High: 61

Gmr Infra Previous Week Low: 56.7

Gmr Infra Previous Week Range: 4.3 Points

Gmr Infra share price support and resistance for the week (September 25, 2023 – September 29, 2023)

Level Type Value
Resistance 3 65.10
Resistance 2 63.05
Resistance 1 60.80
Support 1 56.50
Support 2 54.45
Support 3 52.20

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