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GRSE

GRSE: 6-Month Wedge Breakout | Shipbuilding Sector Rally StartSTRONG BUY Setup ⚓ Entry: ₹2,897-2,920 (Current Level) Target 1: ₹2,955-2,980 Target 2: ₹3,018-3,050 Target 3: ₹3,087-3,120 Target 4: ₹3,200-3,300+ (Extended Breakout Target) Stop Loss: ₹2,800 Technical Rationale: BREAKING OUT from 6-month falling wedge/descending channel (marked with black trendlines) Strong +5.36% surge on daily chart showing powerful momentum Breaking above both descending trendlines convincingly Volume at 3.47M - strong for daily timeframe Price breaking above critical resistance zone at 2,900-2,950 Trading above major support level at 2,800 (blue horizontal line) RSI trending upward around 65-70 - strong bullish momentum Defense/Shipbuilding sector - strategic importance with government focus Breaking above rectangle consolidation (2,700-2,900 range) Multiple resistance levels clearly marked: 2,955, 3,018, 3,087 Clean breakout from multi-month consolidation Previous high at 3,600+ shows significant upside potential Risk-Reward: Excellent 1:4+ ratio for extended targets Pattern: FALLING WEDGE BREAKOUT on DAILY Chart - highly reliable bullish reversal pattern combining with rectangle breakout Strategy: Short to medium-term swing/positional (weeks to months) Book 20% at T1 (2,970), 20% at T2 (3,035), 20% at T3 (3,100) Hold remaining 40% for extended target 3,200-3,300+ Trail SL to 2,920 after crossing T1 Disclaimer: For educational purposes only. Not SEBI registered.
NSE:GRSELong
by rmhetre15
GRSE - Base Formation Turning into Breakout SetupGarden Reach Shipbuilders & Engineers Ltd – Base Formation Turning into Breakout Setup NSE:GRSE 📈Pattern & Setup: GRSE has been quietly forming a classic rounding base pattern over the past few months, absorbing every shakeout phase (as marked on the chart). Each dip found buyers stepping in, creating a smooth U-shaped recovery — a strong sign of accumulation. Now, the stock is attempting to break out of its neckline resistance near 2750 after multiple retests. This zone has acted as a wall for months, but the recent surge in buying volume right after the last shakeout hints that strong hands are taking control. If price sustains above this neckline, the breakout can easily trigger a sharp rally toward 3500+ in the medium term. 📝 Trade Plan: Entry: Above 2760–2780 for confirmation of breakout. 🚩Stop-Loss: 2600 (below trendline and last shakeout low). 🎯Targets: Target 1 → 3100 (initial move). Target 2 → 3520 (pattern completion, ~25% potential). 💡Pyramiding Strategy: 1. Enter first lot on breakout above 2780. 2. Add more once the stock sustains above 2850 with volume confirmation. 3. Trail stop-loss to 2670 after price crosses 2950. 🧠Logic Behind Selecting this Trade: The combination of shakeouts, rising demand volume, and a well-rounded base indicates that the stock is in late-stage accumulation. Breakouts from such long bases tend to deliver strong, sustainable upside moves. This is a textbook case of "volume follow-through after consolidation", which often marks the beginning of a fresh uptrend. Keep Learning. Keep Earning. Let’s grow together 📚🎯 🔴Disclaimer: This analysis is for educational purposes only. Not a buy/sell recommendation. Please consult your financial advisor before taking trades.
NSE:GRSELong
by Trendxinc
Is this the right time to buy Garden Reach Shipbuilders ?YouTube is filled with buying opinions due to our Government's push towards SHIPBUILDING. You will find the opinions of both experienced and newbies alike. Whatever... I see the opposite, the last up move doesn't look like an impulse. Most likely it looks like X-wave of double corrective structure WXY as Cycle Wave IV. If you are practicing Elliott Wave concepts, then you are going to find one very important guideline my wave count is following. I have already marked so that you can use it as a hint. I will be glad if you figure out and comment about it. I will be interested to invest for a huge upside if the price falls down towards 800-950 zone. Will be updating the target for Cycle Wave V once this Wave IV correction ends. This is not a buy or sell recommendation. Already shared similar view on Cochin Shipyard earlier. Do your own due diligence before taking any action. Peace!!
NSE:GRSEShort
by Swastik24