Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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After reaching a high of 625.80 Great Eastern Shipping Co. entered a consolidation phase which lasted for 15 years.
After a failed breakout attempt in Nov'22, GESHIP broke out of consolidation in Mar'23 rising from levels of 532.25 to a closing price of 847.20 in Oct'23 generating 59% returns in last 8 months.
very strong chart as budget month is coming most of the defense stocks are giving breakout. some thing big is coming in budget for defense. Flag pattern breakout on GESHIP. big target intect
stock looking good above 991 taken multiple time rejection on 991
NOTE: only for educational purpose
RULE: 1: always trade with stoploss
2: decide your risk per trade and per day
3: believe to your analysis
4: stay positive and keep patience
technical analysis + money management+ physicalogy = successful trader
A stock thats become a free cash printing machine
With the blockade in the red sea the stock looks primed to now mmove upwards..
Prices of both container and product tankers has shot up. In the case of VLCC's is similar to its June'23 peaks also.
The co which works on short term leases will be booking some great contracts.
Long at current prices with stoploss...
1) Stock made Higher High
2) RSI Hidden Divergence
3) Price Consolidating - Accumulating - Dow Theory
4) Better Risk Reward
5) Conservative trades Enter after Breakout and Retest.
6) Targets on chart
#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...
#GESHIP trading above Resistance of 684
Next Resistance is at 1007
Support is at 485
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support 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...
With tankers and container ship rates now going up..GE could be a major beneficiary as last time only tankers went up while containers went down..
Long above 1005 with any move above 1050 leading to a much larger allocation.
SL for the first part of the trade woulld be sub 910 so keep the allocation at 5% and add more above 1050 where the SL can then be shifted to 1010.
#Graphite
-Stock is in Strong uptrend with Higher high Lower Low Seris.
-Volume Activity Shows Buyers are Intrest even at Higher price.
-After making High of 919 In Oct 23 Stock Dipped to 727 in Nov 23 i.e.-21% .
-Resumed upside journey Giving a Cup & Handle Breakout.
#Stocks
After breaking lifetime high in December. The resistance has become support now.
Now this stock has retraced at same levels and has shown strength
inv Head and shoulder is formed at this key level.
SL 530
Target 725 and 900
'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...
