Garden Reach at Downtrend, Decline RSI
Garden Reach Shipbuilders & Engineers has appeared weak in recent days. However, it may attempt a reversal after winning an order from the Bengal government. The stock gained over 2% in the afternoon session on the last trading day.
Garden Reach Shipbuilders' stock rose by 2.28% to ₹1,695.75, compared to the previous close of ₹1,657.90 on the BSE. The market capitalization of the firm increased to ₹18,997 crore.
The stock may find support at ₹1,444 in the near future.
The stock is currently neutral. If you're planning to buy, wait for a trend change, as it is neither oversold nor overbought.
Consider buying once the trend reverses at ₹1,796.
Target 1: ₹2,192
Target 2: ₹2,604
Currently in a downtrend. It's best to wait and watch, as the last day's candle is indecisive.
Garden Reach Shipbuilders' stock rose by 2.28% to ₹1,695.75, compared to the previous close of ₹1,657.90 on the BSE. The market capitalization of the firm increased to ₹18,997 crore.
The stock may find support at ₹1,444 in the near future.
The stock is currently neutral. If you're planning to buy, wait for a trend change, as it is neither oversold nor overbought.
Consider buying once the trend reverses at ₹1,796.
Target 1: ₹2,192
Target 2: ₹2,604
Currently in a downtrend. It's best to wait and watch, as the last day's candle is indecisive.
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