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....
Garden 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
The 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
Checkout my other ideas to understand how one can earn from stock...
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.
