GMR Power & Urban Infra Ltd. showed a clean trendline breakout on the 1-hour timeframe after a prolonged downtrend. Multiple rejections from the descending trendline confirmed strong supply earlier, but the recent bullish candle closed decisively above the trendline, indicating a potential trend reversal. This breakout can be considered for short-term or swing trades, with volume confirmation and a strict stop-loss below the breakout zone for better risk management.
Swing Trade Details:
- Share: GMR Power & Urban Infra Ltd.
- Share Price: 106.00 – 110.00
- Trade Type: Trendline Breakout
- Upside Potential: 24.00%
