Garden Reach Shipbuilders & Engineers Ltd. - Stock AnalysisDate : 17-Nov-2025
LTP : Rs. 2,888.10
Technical View:
• NSE:GRSE is in primary uptrend since Mar 2025 and was recently going through it's secondary downtrend within the primary uptrend.
• From it's all time high of 3,538.40 on 23-Jun-2025, it has retraced 34% to 2,323 which is also close to Fibonacci retracement level 0.5 placed at 2,364.
• NSE:GRSE has breakout from it's secondary downtrend with higher than average volume on 10-Nov-2025. Volume has also increased in last few sessions.
• NSE:GRSE has closed above 20 DEMA and 50 DEMA on 10-Nov-2025 and is trading above 20 DEMA and 50 DEMA since last few sessions.
• MACD is 59.98 and RSI is at 68.30.
• Looking good to start a new swing from here.
• Resistance Levels : (R1) Rs. 3,538 --> (R2) Rs. 4,290
• Support Level : Rs. 2,323
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