On Friday, the GVK Power & Infrastructure scrip zoomed 16 per cent with extraordinary volume of more than 4.3 times its two-week average, breaking a key resistance at ₹7.5.
The stock recorded a 52-week high of ₹8.79. For the week, the stock has climbed 30 per cent with heavy volumes and has breached a significant long-term resistance level of ₹7. It is now heading to the next key long-term resistance level of ₹10. Key supports to watch now are at ₹7.5 and ₹7.