GMRINFRA Testing Key Support – Potential Reversal Ahead! for NSE:GMRINFRA by Marketik — TradingView India

By Taaza Facts

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GMRINFRA Testing Key Support – Potential Reversal Ahead! for NSE:GMRINFRA by Marketik — TradingView India

The stock is testing its ascending support trendline, which has held strong multiple times, indicating a potential reversal.

The RSI is around 50, indicating neutral momentum with potential for a bounce.

The stock is currently trading near its 100 EMA, which aligns with the support trendline, adding strength to this support level.

Immediate support is at the trendline around ₹80-₹81, with resistance at ₹92, where the stock has faced selling pressure before.

The recent pullback saw a decrease in volume, suggesting it might be a healthy correction within an uptrend.

Watch for a bounce from the ₹80-₹81 support zone. A move above ₹92 with strong volume could signal a bullish continuation. If the support fails, reassess for further downside.

Taaza Facts

I am a multifaceted content creator with expertise in blogging, Finance, and Cryptocurrency reviews. My creative journey involves weaving captivating stories in blogs, designing aesthetically pleasing and functional websites, and dissecting the nuances of cinema. We are dedicated to sharing our passion and insights with a global audience.

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