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Great Eastern Shipping' at ATH'Great Eastern Shipping' broke out of it's base and at ATH.. with strong volumes.. take a position of small quantity with SL set for ₹ 37.95 “To compound your money, and not your mistakes, your goal is to buy on the way up—not on the way down.” ― Mark Minervini Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor
NSE:GESHIPLong
by rajesh066060
2
Great Eastern Shipping Bullish Stock Name - Great Eastern Shipping. As per the ichimoiku rule, today's close is above the Conversion Line and future kumo is super bullish and chikou span is slanting upwards. All these parameters are showing the further strength in Great Eastern Shipping More strength will be visible once it will cross 350. Worth to keep in watch list for coming days #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Rule Based Investing # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section of Trading View. Please give a like, it motivates me to do analysis and do share our channel with your friends as well.
NSE:GESHIPLong
by nikunjbhadja
Great Eastern Shipping Company - Breakout Setup, Move is ON...#GESHIP trading above Resistance of 1330 Next Resistance is at 1714 Support is at 1084 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. 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.
NSE:GESHIPLong
by MandeepSinghKohli
1
Great Eastern Shipping Company - Long Setup, Move is ON...#GESHIP trading above Resistance of 1007 Next Resistance is at 1330 Support is at 684 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. 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.
NSE:GESHIPLong
by MandeepSinghKohli
Great Eastern Shipping - Potential breakout candidateWith freight rates around the world being up along with crude prices being up..this company has a lot of tailwinds.. The stock has broken out of its downward trend and now is making higher highs and higher lows. The stock will have a fresh breakout above 340. As markets are volatile we'd start with a smaller buy around 345 SL 330 and if the stock continues to move upwards another buy around 355..and shift SL to 338 or cost if markets become even more volatile. (There is a resistance around ~ 370 but once the stock comes to that level we'd shift SL to cost for sure) If freight rates continue the way they are..this stock could go as far as 440.
NSE:GESHIP
by rdkriplani
GESHIP - Stock to invest for medium-long termFundamental pick: GESHIP( Great Eastern shipping company Ltd) It's largest private player in providing shipping service( Bulk carriers & tankers) to its clients. More precise to explain is that they do transporting of crude oil,gas, petroleum products and other bulk dry products such as iron ore, coal,grains, etc. Some of its clients are GOI,Coal india ltd, Hyundai and many others, etc. Company has 46 vessels, 33 tankers & 13 dry bulk carriers. Recently it has acquired one more vessel in last quarter and another one in this quarters. Reason for buying this stock: 👉 This sector didn't perform in the last few years due to invisibility in earnings. Also company order book is the lowest compared to past 20 yrs(value reflected in its price). However, worst is behind and we expect good recovery in this sector in the coming months/years. Imagine, you can't trade any commodities/goods without logistics. In logistics, sea logistics is very cheap compared to air logistics. Due to covid-19 and other impacts, no demand in the last few quarters which has already reported by the company in its investor presentation. Going forward, definitely there will be demand in logistics segments once normalcy comes💚💚💚 👉 ROCE & ROE has been improving over the past 2 years 💚💚 👉 Revenue visibility seen for next quarters💚💚💚 👉 Company is market leader in this segment👍 👉 Net profit for the last few quarters has been increasing with increased profit margin 💚💚💚 👉 FII/Mutual funds increased their shareholding in the last quarters ( Remember , biggies won't invest in a company which has no growth future prospects, so 😍💚💚) 👉 One of the main reason i have chosen this stock is that it is highly undervalued. Book value per share is 505 and CMP is 278. Also, Pe is very low compared to historical averages and also comapred to industry. Value bargain💚💚💚 👉 Debt to equity is very low and earning per share has improved💚💚👉Also, high delivery percentage of stocks in the last one month. It indicates investors accumulate for investment💚💚 👉 Company's cash flow is at comfortable levels and able to manage it's future obligations which is very good sign💚💚💚 Negative factors (only negative)❤️: As mentioned in management commentary, company's sees weak trade demand & supply overhang in the near future which is the only negative but long term future is good for the company. Technical front: Stock is trading at 278 levels,it has given breakout with volume in weekly timeframe, however we have seen pullback & taken support. Now, it has started moving. Also, we seen lower lows and higher high after bottomed out. We expect good upside in the coming days. Short-medium term target - 350+ Long term target - 500+ Tips: Don't immediately jump into it, as nifty is trading higher any downfall will drag this down. However, invest 40% of your money, remaining 60% @ 240-250 levels. Take as per your risk 🙏🙏🙏
NSE:GESHIPLong
by vk_Bullsview
Long on Great Eastern shipping Co. for Short TermThe stock hit a 52-week high of 749 on 21st Dec 2022, but failed to hold on to the momentum, falling about 29% to 532.25. It took support and broke out from wedge pattern to reach a high of 634.20 today, rising about 19%. In terms of price action, the stock is trading well above all the short-term and long-term moving averages. RSI is above 55 and MACD gave bullish crossover above its signal line on 2nd March 2023. Based on bullish moving averages and technical indicators, it is expected that the stock's price will continue to rise towards the assigned targets, with a recommended stop-loss of Rs 589 on a daily close basis.
NSE:GESHIPLong
by finvestar
GESHIP - Ichimoku Bullish Breakout Stock Name - The Great Eastern Shipping Company Limited 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 555. #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis.
NSE:GESHIPLong
by nikunjbhadja