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Stock Radar: Buy the dip? GMR Airport stock showing signs of bottoming out after falling nearly 30% from highs

Agencies

Synopsis

GMR Airport Ltd stock has broken its falling trendline resistance, indicating potential for further gains. Traders can consider buying at Rs 73-74, targeting Rs 80. The stock reclaimed key moving averages and the RSI's breakout suggests strength. A stop-loss below Rs 70 is advised to manage risk. Positive technical indicators support a bullish outlook.

GMR Airport Ltd, part of the airport industry, has broken above its falling trending resistance, which has opened room for the stock to head higher. Short-term traders can look to buy the stock now for a possible bounce back towards 80 levels in the next few weeks, suggest experts. The stock hit a record high of Rs 103 on July 31, 2024, but it failed to hold the momentum. It closed at Rs 73 on March 12, 2025 which translates into a fall of over

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