Chart is self explanatory.
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.
Watch for a bounce right here or around 547 which is the 200EMA.
Tanker prices have done to the moon over the last one week and continued to go higher today as well..
GE does most of its ship bookings on the spot market so they could benefit from the windfall gains again.
I'll go long when it bounces. Ideally if it bounces of the 200EMA that would be the...
NSE:GESHIP
A long trade looks good here in GE Shipping as it has broken out of a consolidation, or also a ascending triangle pattern.
Breakout occurred with good volume activity. Chart shown is the hourly chart.
Pattern targets come out to be at 770.
SL can be kept below the breakout candle low, which will give a R:R of 1:3, or below the weekly pivot, which...
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
Symmetrical Triangle Pattern & Psychology behind it
NSE:GESHIP - Triangle pattern on the verge of breakout
Everything is explained on the chart itself.
Entry can be made after the breakout. R:R should be according to appetite. This is no trade recommendation in any way.
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:00 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5-7% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 3% or closing below the low of the breakout candle
The levels mentioned...
NSE: GESHIP is closing with an bullish engulfing candle supported with high volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days and moving along the trendline which is indicating demand.
One can look for a 8% to 11%...
Breakout in GESHIP in Daily timeframe.
Entry: Above 375
Target: 430
DISCLAIMER: The ideas shared are only for educational purpose. I am not SEBI registered.
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....
buy above 485 for intraday and swing
for swing keep stoploss below 445 day closing basis
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as...
