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Break out Stocks by Nilesh Kotak

⭐ Momentum Pick for September 25: GMR Power & Urban Infra

Chanakya trade call: Buy only above Rs. 103. GMR Power & Urban Infra closed at Rs. 101 on September 24, 2026. The proposed trade is for 5–7 trading days, with targets of Rs. 107 and Rs. 109 and a stop-loss at Rs. 96. No purchase is suggested below the specified trigger.

⭐ Investment Decision

Measure	Chanakya View
Category	Momentum Pick
Conviction	⭐⭐⭐☆☆ — conditional
Holding period	5–7 trading days
Closing price	Rs. 101
Buy trigger	Above Rs. 103 only
Target 1 / Target 2	Rs. 107 / Rs. 109
Stop-loss	Rs. 96
Risk level	High

Trade Setup

Instrument	Action	Price	Exit Plan
GMR Power & Urban Infra	Buy only if it trades above the trigger	Above Rs. 103	Avoid chasing a large gap-up
First target	Sell 50%	Rs. 107	Move the remaining stop-loss to the actual purchase price
Second target	Sell remaining 50%	Rs. 109	Exit within the stated trading window
Initial stop-loss	Exit if triggered	Rs. 96	Do not widen the stop

Why This Trade?

The stock gained 3.34% on September 24 and 10.1% over one week. Its RSI of 63.8 falls inside Chanakya’s preferred 56–68 momentum range. The MACD improved from −0.39 to +0.21, while its signal line rose from −0.91 to −0.68. That shift indicates improving short-term momentum.

Trading volume reached 37.49 lakh shares, about 1.78 times the one-month average of 21.04 lakh. This gives the move stronger participation than an ordinary low-volume rise. The stock is also above its 50-day moving average of Rs. 96.4.

The important hurdle is its 200-day moving average near Rs. 103, which coincides with the proposed buy trigger. A move above Rs. 103 therefore needs to hold, rather than briefly cross the level, to support the trade.

Technical Dashboard