Gammon Infra has given a breakout at Daily and weekly charts and long term charts of Gammon also look very interesting.
Target 1 -6.3, Target 2 - 9 rupees which is 50% higher from First target.
Looking at chart setup Gammon Infra has good upside and reach target of 9 Rupee in next 2-3 Quarters. Fundamentally stock is week as per my understanding and the Management is doing lots of things to improve the fundamentals. They are Selling part of their infra portfolio to reduce the debts.
Disclosure: Analysis is only for study(Educational in Nature) and should not be treated as a call to buy.
Target 1 -6.3, Target 2 - 9 rupees which is 50% higher from First target.
Looking at chart setup Gammon Infra has good upside and reach target of 9 Rupee in next 2-3 Quarters. Fundamentally stock is week as per my understanding and the Management is doing lots of things to improve the fundamentals. They are Selling part of their infra portfolio to reduce the debts.
Disclosure: Analysis is only for study(Educational in Nature) and should not be treated as a call to buy.
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| Gammon Infra Daily Chart |
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| Gammon Infra Weekly chart |
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