✈️ GMR Airports Ltd. – Inverse Head & Shoulders Breakout with Positive Relative Strength

GMR Airports Ltd. has completed an inverse head and shoulders breakout on the weekly chart — a classic bullish reversal formation. The breakout comes with improving relative strength and steady price structure, suggesting a shift from consolidation to strength. 🔹 Chart Observations Pattern: A clear inverse head and shoulders pattern has formed, with a breakout above the neckline near ₹94. 30-Week SMA: Price is holding above the 30-week SMA, showing a transition into a medium-term uptrend. RS vs CNX500: The relative strength line has turned positive (highlighted in yellow), indicating that the stock is now outperforming the broader market. RSI: The RSI is sustaining above 60, a zone associated with strong bullish momentum. Volume: Breakout was supported by healthy volume, confirming participation on the move higher. OBV: The OBV line continues to trend upward, supporting the accumulation phase behind this breakout. 🔹 Interpretation The breakout from the inverse head and shoulders pattern, combined with a positive RS trend and rising OBV, strengthens the bullish technical structure. Sustained price action above the neckline level will be key for continuation of momentum. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)