Tuesday, December 20, 2011

GMR Industries Technical chart | 21-Dec-2011

Here is the technical chart of GMR industries, with ichimoku kinko hyo indicator. The stock is listed on Indian stock exchange.







The stock have bullish breakout in the beginning of Oct. 2011, it closes above kumo. From the last few trading sessions, it is is range bound. On the upper side, the resistance is at 151 and on the downside STRONG support is at 135. If it closes below 135, it can down to at least 117. So, mark your stop-loss well.

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