GESHIP
GESHIP - Bullish Momentum with VolumesNSE: 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 this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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Disclaimer:
This is for educational purposes only.
GESHIP - Watch and Add 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
Even if current 353 level breaks -- wait for 349.5 level on short side - possible bounce back from Monthly VWAP.
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