Garden 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. ...
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.