GMR INFRA stock is moving in sideways on its weekly chart frame with currently at the bottom line of the phase.
A sharp up move could be seen in the coming days and a target of 20 could be achievable in 3 - 4 months.
In the chart we can see the formation of positive divergence since the stock is having a downtrend on the hourly chart but its RSI is signalling an upward trend.
This means a trend reversal in the near future.
We can see a head and shoulder on Dr Reddy's 15 min chart which calls out for a bearish trend.
We might see the stock at 2500-2450 levels in the coming days.
