The stock is poised for an up move after a consolidation of 1 month, it would move up to the supply zones marked in black lines.
Entry can be 780 - 792 zone. SL DCB - 180 Targets could be 5 - 10 % as per Risk management.
share name : garden reach ship builders
buy above 227 with sl 215 target 340
reason for buy :
- share is forming a penant pattern
- range consolidation period : 370 days
- if a breakout comes of penant and range we
can see good targets
tHANKS
Good break out given in 1 week chart. Resistance at 216, 233 and 248 Levels. There is a considerable increase in the volume of this share in this contemporary week. Can see for 1 -2 weeks to break the resistance levels.