GMR Airports Is Approaching a Powerful Reversal Zone
GMR Airports is once again trading near one of its most important long-term support zones. If we look at the weekly chart, the stock has been moving inside a broad rising channel for almost three years. Every time price approached the lower trendline, buyers stepped in and a strong recovery followed.
On the other hand, the upper trendline has repeatedly acted as resistance. Now price has corrected from the 115–117 zone and returned towards the 90–92 support area where the rising trendline and 100 EMA are coming together. This confluence makes the current zone extremely interesting.
The weekly…
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- Sunday, 11 October 2026, 1:27 pm IST
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