SWING IDEA - GARDEN REACH SHIP & ENGGarden Reach Shipbuilders & Engineers Ltd ., a leading public sector shipyard in India known for building warships and naval vessels, is showing signs of a potential swing trade opportunity.
Reasons are listed below :
1700 Zone as Strong Support : The 1700 level has acted as a crucial support zone, reinforcing a solid base for potential upside movement.
Bullish Engulfing Candle on Daily Timeframe : A bullish engulfing candle has formed, indicating increased buying pressure.
Golden Fib Zone : The price is currently bouncing from the golden Fibonacci zone, suggesting potential for further gains.
100 EMA Support on Daily Timeframe : The stock is well-supported by the 100-day EMA, further solidifying the bullish trend.
Target - 2200 // 2510
Stoploss - daily close below 1640
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