GRSE - Chart of the Week, Breaking Trendline and Made a BaseNSE:GRSE has a beautiful structure on the Weekly Timeframe to Qualify for my Chart of the Week idea, it saw Decent Volumes this week around the marked Key Levels of 100 WSMA and also broke the trendline with RSI Trending Upwards.
About:
NSE:GRSE is a premier shipbuilding company in India under the administrative control of the Ministry of Defence, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard.
NSE:GRSE is a diversified, profit-making and the first Shipyard in the country to export warships and deliver 100 warships to the Indian Navy and Indian Coast Guard.
Trade Setup:
Could be a good Positional Trade with the 100 WSMA Being a Major Support along with Marked Key Levels, Buy on Dips as the Entire Defense Sector is in an Uptrend and it Broke the Trendline Strongly this week.
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Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Gardenreachshipbuilders
GRSE Possible start of reversal.NSE:GRSE Showing Early Signs of a Reversal Possibly with Above Avg. Volume and RSI Getting Stronger keeping a close look as of now.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
GRSE: Multi-year breakout from ascending Channel(Monthly Chart)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.
Ship-building companies in a trajectory of their ownNSE:MAZDOCK has out-performed its peers NSE:COCHINSHIP and NSE:GRSE since the start of 2023. However, all 3 stocks have out-performed the market. These 3 have created significant wealth for investors. Fundamental triggers are plenty for these companies. Defense sector is looking very strong and one should definitely keep an eye on these 3. Order book is also very strong.
Garden Reach Shipbuilders & Engineers Ltd. (GRSE)A defence sector play, GRSE looks poised for an upward momentum after 26 weeks of consolidation. Sustained momentum above its breakout level of 564 will be positive.
Good support zones around 510, 450 and 400 levels.
However, as always, keep a stop loss of 5-8% if the trade goes wrong.
GRSE - Ichimoku Bullish Breakout Stock Name - Garden Reach Shipbuilders & Engineers Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 469
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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Garden Reach Shipbuilders & Engineers Ltd - 22.12.2021Garden Reach Shipbuilders & Engineers Ltd - 22.12.2021
The stock is trading @ 218 levels
The stock is witnessing higher highs since 20.12.2021
There is a MACD Bullish Divergence in Daily chart
The prices are above ema
One can initiate a buy position @ current levels with support @ 206
watch out for the price action
GRSE - DARVAS BOX, Swing trade - All Time High BreakoutThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
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Breakout in Garden Reach Shipbuilders & Engineers (GRSE)...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.