in all probability, gmr has bottomed out today i.e., in case the market shows some stability over next 2-3 sessions. it may retest 153 over next one week in case the overall market weakness prolongs. in a way that should be good for the stock going ahead, because a double bottom (almost triple bottom if we take an optimistic view of the technical chart formation) - this will ensure a handsome up move thereafter (beyond 185). a close above 156.7 tomorrow will serve as a signal to buy, if you are an aggressive (risk-loving) variety, else wait for a close above 160.5 for going long again or for accumulating...
happy trading,
lagey raho,
Mannubhai.
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