GRSE gave ranging channel breakout with gud volume spurt and strong bullish candle trading near about its all time high can look for swing trade with your prefered RR
Breakout happend in this stock with rising 10 and 40 week MA's and RS indicator is also showing strength.
Keep your risk and reward ratios according to your own preferance.
This is for educational purpose, do your own research before investing.
GRSE looks good, which I've been observing for the past two months. I believe that in the coming days, it may experience a breakout. Additionally, the shipping sector appears to be strong
GRSE MACD DIVERGENCE GRSE showing macd negative divergence and price is making higher high can look for swing trade once cross abv dynamic volume zone with your prefered RR if finds any strong bullish candle with gud volume bar around dynamic volume zone.
Garden Reach Shipbuilders & Engineers Ltd May Breakout Above 920
Buy Above 920
Stop Loss 830
Target Near 1050
Holding Time - 1-2 Month
Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before...
The quarter 2 results were out on 10th Nov and it was a great result. The stock is also near the 55 moving average. Expecting a 10% move in the next 2 months
GRSE is trading near breakout zone we can consider this stock on current market price 905.50
with sl of 850 for target of 1030
debt to equity ratio - 0.01
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.
GARDEN REACH SHIP BUILDERS (1D)
CMP 788.95
After Breakout with big Volumes price is consolidating in Narrow range
Might see breakout of price in near future
NSE:GRSE 657
1. Rectangle Pattern's movement continue (Breakout was at 525 level)
2. Fresh Pole and Flag Pattern Breakout in the chart at 625 level with strong Volume
3. Upcoming levels to watch 725-800 levels
4. Support near the 600-550 level on the chart.
5. Recent uptrend is making this pattern strong
6. Today's Gap can consider as Breakaway Gap....
NSE:GRSE
Stock is in continue uptrend from last few days it has never traded below its previous swing in past few days.
On 27th-June stock has shown Bullish Engulfing (Bullish price action) which is good sign for positional equity/swing traders.
We can go long if it opens flat on Tuesdays (28th June) trading session.
SL: 550 Target: According to your risk...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
Please consider these ideas for educational purpose
Comment below if you are looking for any answers
GRSE had a good cup and handle breakout. Then consolidated side ways for more than 17 months and gave a breakout again recently. Generally longer consolidations results in explosive movements upwards or downwards depending on the upward or downward breakout. Mid term target 310 and long term 500 in 12- 18 months.
