Momentum In GRSEGRSE on the verge of Box Breakout . AS per Fibonacci next target comes around 544/618.
Swing Low can be considered as SL.
GRSE trade ideas
All time high in this one soonRespecting trendline, Volume today is greater than past few days, Breaking the previous days high. Good one to look into.
lonnnggggprice is at very big trendline
also price seems little extended, so I am expecting a small pullback
SL is 2.5% from current levels
Garden Reach Ship BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Buy GRSE it gives good trend line breakout
And volume also good
Stock is in uptrend
Wait for retracement and then initiate long position
Stock getting ready for big move If breaks red line then upside 240+ target
If breaks downside then downside 150 expected.
Study purpose
GRSE has given fresh breakoutGRSE is trading at its all-time high. 2-year breakout visible on screen. Can be definitely checked out.
GRSENSE:GRSE
Good all time high breakout , looking to enter in a pullback...not a high beta stock , slow mover
GRSE Broke long term Resistance (Supply zone) with great Volume. Ready for new Rally.
Target : Minimum 335
grseGarden Reach Shipbuilders & Engineers is a ship-building company in India under the administrative control of the MoD and primarily adhere to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. In addition to its ship and warship building capabilities, it is engaged in engineering and engine production activities. As a part of its engineering division it manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps. The company’s shipbuilding division contributes a significant majority of its revenue from operations.
Product segment
Shipbuilding
Engineering
Engine
GRSE Breakout after long ConsolidationExpecting 60% return in long term
short term 25% for swing trade
GRSE is on a BreakoutWill be a good one for a Positional trade. Hold with a Strict SL below yesterday low or can accumulate up to the down trend line for long term purpose
GARDEN REACH SHIP BUILDERSshare 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
GRSE - Chart AnalysisGood 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.
Buy GRSE Target 203 to 208Buy GRSE Target 203 to 208 .
Huge orders book in they generate on December 2020.
