TradingView
finvestar
Aug 16, 2023 3:13 AM

GRSE: Multi-year breakout from ascending Channel(Monthly Chart) Long

GARDEN REACH SHIPBNSE

Description

Garden Reach Ship builders got listed in the month of Oct'18. It had entered a consolidation phase in Sep' 2019 which lasted for 4 long years.The scrip broke out of consolidation in the month of Aug'22 and has since more than doubled.

The stock has been continuously rising and has also broken out of an ascending channel in the ongoing month of Aug'23.

Three expected targets are assigned in the chart.

Comment

Target 1 achieved!
Comments
Kapil-Mittal
In conclusion, the journey of Garden Reach Shipbuilders is a compelling story of resilience, breakout moments, and investor optimism. As with any investment, due diligence and informed decision-making are key. 📚🧐 It will be exciting to see how the coming months unfold for this stock, as it continues to navigate its upward trajectory in the market. 🚢📈
harshad33
accurate prediction
finvestar
@harshad33, Thanks :)
harshad33
781 high sir
finvestar
@harshad33, Yes dear, seems luck is in favour:)
More