GMR Airports Ltd – Cup & Handle Breakout in the Making

GMR Airports Ltd – Cup & Handle Breakout in the Making

GMRAIRPORT

📈 Pattern & Setup:

GMR Airports is forming a classic Cup & Handle pattern on the daily chart. After a long consolidation phase and multiple shakeouts around the 80–85 zone, the stock has started curling up again from its base.

The structure shows a strong recovery from the cup bottom, followed by a handle formation with tight price action — a sign of supply exhaustion. The resistance zone around 92–93 has been tested several times, and a breakout above it could mark the beginning of a new upward leg.

📝 Trade Plan:

✍Entry: Above 93 (breakout confirmation)

🚩Stop-Loss: 86 (below handle low)

🎯Targets:

Target 1 → 103
Target 2 → 115 (25% potential move)

💡 Pyramiding Strategy:

1. Enter with 60% position on breakout above 93
2. Add remaining 40% once price sustains above 97 with expanding volume
3. Trail stop-loss to 89 after a close above 100

🧠 Logic Behind Selecting this Trade:

This setup highlights a textbook accumulation structure. Multiple shakeouts during the cup formation cleared weak hands, allowing smart money to accumulate quietly. The tightening handle pattern suggests reduced volatility and growing breakout probability. Once the neckline is crossed, momentum could accelerate toward triple-digit levels.

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🔴Disclaimer:

This analysis is for educational purposes only. Not a buy/sell recommendation. Please do your own research or consult your financial advisor before trading.