TradingView
Kapil-Mittal
May 13, 2021 6:02 AM

FALLING WEDGE BREAKOUT: [PSU Stock] 🔨 Long

GARDEN REACH SHIPBNSE

Description

📌 Levels are mentioned on chart for ❝Swing trading❞. Garden Reach Shipbuilders & Engineers Ltd, abbreviated as GRSE, is one of India's leading shipyards, located in Kolkata, West Bengal. It builds and repairs commercial and naval vessels. Presently GRSE has also started building export ships in a mission to expand its business.
The stock has shown high volume along with the breakout from an important resistance level .

▣ Key Highlights:
➨ Time frame DAILY 𝓦
➨ Wedge Breakout

☆ Kindly like & share ➥ this pattern. Comment ⎚ with what do you think. Follow me @ tradingview for more updates and like the chart ❤!!!

Trade closed: target reached

Targets reached!
Comments
ArvindKejriwal
Shall i buy it now?
Kapil-Mittal
@ArvindKejriwal, Depends on you
amankohli20
technically good but financials are not good.
Kapil-Mittal
@amankohli20, Well in the short term market can move against fundamentals.
Movieshow
how to find out breakout stocks sir?
Kapil-Mittal
@harimagesh1205, I go through charts of all the stocks with unusual volumes
Movieshow
@ikapilmittal ok sir thanks for the idea👍👍....can I buy this tomorrow?
Kapil-Mittal
@harimagesh1205, If it opens gap up below 190 wait for it to retrace a bit, and if it closes above 190 then it will be good to enter. You may also look at the other ideas I have posted.

☆ Kindly like & share ➥ this pattern. Follow me @ tradingview for more updates and like the chart ❤!!!
Movieshow
@ikapilmittal ok sir ....I have selected ashoka buildcon with the unsual volumes ...looks like breakout can u check it out?
More