NSE: GESHIP is closing with a bullish candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in...
GESHIP view for 21st Feb
Please follow strict risk reward and stop loss if you follow my levels...
Charts for Educational purposes only
Thanks,
V Trade Point
This was after an approximately 65% drop from 400 to 150
Plan
- Consider to Buy above 575
- and/ or Rejections near 500/400
PB 1x
PE 7x
DE .6x
ROCE 8%
DivYld 2%
After decent reversal from down trend, currently trading in range from past 2 weeks.
Current range is 353 to 369 - Below Monthly and weekly VWAP
Below 200 SMA but possible support from 50 SMA
Wait for clear trend before taking trade
If cross 369 and sustains - we will see 389 and 415 as next targets
Incase if breaks - 331 and 296 will be next targets...
