GMR INFRA making Bullish Bat Harmonic Pattern with Positive Convergence showing in RSI.
Stock confirmed support level at 27.50 and may continue in range for some time to attract more buyers.
NOTE : Any NEWS & Earnings create stock more volatile so follow the strict SL as per your risk apatite.
I know it's an oil stock, but technically it looks primed for a rebound. I love the double bottom from 12/15/14 and 1/15/15 and there's been responsive buying recently. Also, the double bottom is from support levels on a regression channel spanning quite a ways back, so there's probable cause for longs to profit at these levels.
There is also a positive...