InvestSun

GRSE | Weekly

Long
NSE:GRSE   GARDEN REACH SHIPB
Technicals:
1) Consolidation of two years (Stage I).
2) Resistance zone breakout, after two years, with Volatility Contraction Pattern formation (Stage I to Stage II Transition).
3) Breakout supported with Healthy volumes.
4) Momentum indicators giving green signal.

Fundamentals:
1) Almost a Debt free company.
2) Paying out good dividends.
3) Posting good earning results.

Good Stage II (Uptrend) candidate to watch out for!!