GMR Infra shares have jumped 10% in a week.

Mumbai: Investors are again showing interest in realty stocks. For the last few days, investors were not able to see any special enthusiasm in these. But this situation changed on Wednesday. Meanwhile, the stock of GMR Infra has gained about five per cent. The stock has gained about 10 per cent in the last one week. This has increased the confidence of investors in this stock. Its volume is above average. Technically, the stock has registered its 11 week cup pattern with strong volumes. Right now it is at a nine-month high. Its 14-day period RSI (74.92) is in the super bullish zone and the stock is showing a strong trend. The trend indicator ADX (34.98) is also showing signs of strength.

Its MACD histogram is continuously rising which is a positive sign. Its OBV is also at peak indicating strong buying activity. Overall, the stock is technically very strong and is expected to move higher in days to come. The stock has rallied nearly 20 per cent in the last three months and has outperformed its peers. Presently the share of GMR Infra is trading at the level of Rs 42.50 on NSE. Momentum traders should keep an eye on this in the coming sessions.

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