NSE:GRSE - Garden Reach Shilbuilders is showing a good, clear upmove after breaking a rectangle consolidation zone.
In last 1 week's trading session it shows a strong positive upmove with increasing volume build up. Perfect to poise to move towards 550 zone in near term.
Buy zone: 495-505, SL: 480, Target: 550
Comment
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Right now the GRSE is clearly in an upward channel. I personally Bullish on this stock. If you draw a parallel trandline (regression channel) from 11-Oct to end of Nov, you will see it's an upward channel (hence Bullish) with the ranges as 465-540. So right now it seems a candidate of Swing trade only.