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GARDEN REACH SHIPBUILDERS & ENGARDEN REACH SHIPBUILDERS & ENGARDEN REACH SHIPBUILDERS & EN

GARDEN REACH SHIPBUILDERS & EN

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GRSE trade ideas

GRSE on weak grounds - ShortThe primary 7 wave cycle (4 yearlong) of GRSE is near its culmination. The key levels were as below. Wave Initiation: at 89.25, Wave I peaked at 222.65; Wave II retraced till 160.05; Wave III peaked at 957.50 Wave IV Retraced till 668.65; Extended Wave V Peaked at 2814.85 Sub-wave c of Wave V touched 1350.50 Sub-wave c is still unfolding and now Pennant formation are seen on charts Pennate breakdown (downwards) @ 1335 will take script to 1127 - 997 levels Scenario -1 Short on Pullback @ 1660- 1700 SL : 1800 Target: 1335 Scenario -2 OR on -Confirm Pennant Breakdown @ 1335- 1300 Target -1127 -997 Stop Loss - 1450
NSE:GRSEShort
by DrPrashantVerma
GRSE: Steady Waters or a Breakout on the Horizon?Garden Reach Shipbuilders & Engineers Market Cap: 176.4 B Closely Held Shares: 75.59% Free Float Shares: 24.41% Revenue Streams Contract - Shipbuilding: 85.43% Products - Base & Depot Spares: 5.49% Products - Bailey Bridge: 3.19% Contract - Ship Repair: 2.11% Services - Bailey Bridge: .71% Products - General Engineering: .64% Services - Ship Repair: .48% Project Assistance: .39% Earnings and Revenue Date (Dec '24): Monday 3, Feb 2025 ======================= Events: Garden Reach Shipbuilders & Engineers signed a memorandum of understanding with Apollo Micro Systems for strategic collaboration on developing and supplying advanced weapons and electronic systems, according to a Wednesday release filed with the Indian exchanges. The partnership will focus on joint research and development, co-production, and supply of underwater weapons, communication systems, and air defense systems for Indian defense forces and other government agencies, the company said in the release. The MoU also covers the modernization of existing systems. - MT Newswires ======================= Weekly MACD : The Weekly Moving Average Convergence Divergence (MACD) indicates a strengthening buying momentum, coupled with a reduction in selling pressure. This suggests a potential bullish trend in the stock's performance. Financial Performance: For the quarter ending September 30, 2024, GRSE reported: Total Revenue: ₹1,152.92 crore, up from ₹1,009.72 crore in the previous quarter, reflecting a quarter-over-quarter (QoQ) growth of approximately 14.2%. Net Profit: ₹97.77 crore, an increase from ₹87.19 crore in the prior quarter, indicating a QoQ growth of about 12.2%. Key Resistance Levels: Resistance 1: ₹1,810 Resistance 2: ₹1,990 A decisive move above these levels, supported by strong volume, could signal further upward momentum. Market Outlook: The observed technical indicators and positive financial performance suggest potential for continued growth. However, investors should remain cautious of broader market conditions and external factors that may impact the stock's trajectory. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in the stock market involves risks, and it's advisable to consult with a certified financial advisor before making investment decisions.
NSE:GRSE
by sandeepbalachandran
GRSE LONGThe Elliott Wave Theory's description of the structure and pattern of price movements in financial markets is known as the Elliott Wave Structure. The Elliott Wave analysis indicates that the stock has completed waves (i),(ii, (iii), and (iv), which are shown as blue numbers on the daily chart. Wave (v) appears to be underway at this time. Wave (v), also known as the impulse wave, unfolded into five waves, which are illustrated in red. Wave levels are depicted on the chart. An inverted Head and Shoulder Pattern is formed on the chart and the target is shown on the chart. (The Inverted Head and Shoulder Pattern is a bullish reversal pattern). Level of Invalidation The invalidation level of 974.80 has been identified as the endpoint of wave (i). If the price falls below this level, it means that the projected Elliott Wave pattern is not as it appears. I'm not a registered Sebi analyst. My research is done solely for academic purposes. Please consult your financial advisor before trading or investing. I bear no responsibility for your profits or losses. Regards, Dr Vineet
NSE:GRSELong
by drvineet
GRSE: Approaching Breakout from Consolidation with Bullish SetupThe stock has been in a strong upward trend, forming a peak on July 5, 2024, followed by a consolidation phase characterized by a lower low, lower high structure. Key Observations: A) Counter Trendline (Green Line): I’ve drawn a counter-trend line representing the main setup to watch. A potential breakout from this line could signal a strong bullish continuation. B) Hidden Parallel Channel (Pink Lines): The stock was previously moving within a hidden parallel channel, with the upper pink line acting as resistance and the lower as support. The stock has now successfully broken above this hidden resistance. C) Sideways Contraction Pattern (White Lines): The stock is also in a sideways contraction, which I've marked with white lines, indicating a narrowing price range. This area is crucial for observing price action as the stock attempts to consolidate before its next move. Current Status: The stock is attempting to break above the green counter trendline (A), which serves as the primary setup for this trade. It has already moved out of the hidden resistance (B) but is still trading below the white lines of the sideways contraction pattern (C), so it remains on the watchlist. Volume remains moderate for now, but I’m waiting for a potential volume spike to confirm the breakout. This is a key moment to watch for a potential entry if momentum and volume align
NSE:GRSELong
by Averoy_Apoorv_Analysis
GRSE - Time for Bounce Back GRSE - Garden Reach Shipbuilders & Engineers Ltd 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. The stock has just completed its Elliot wave 4and we can see a bounce towards 2000 levels For a detailed explanation on Elliot waves basics, please refer to the following link: www.investopedia.com DISCLAIMER: It is important to note that the information provided in this analysis is intended solely for educational purposes. It is strongly advised to consult with a financial advisor prior to making any investment decisions. I cannot be held responsible for any financial losses that may occur.
NSE:GRSELong
by harshit22
Garden Reach at Downtrend, Decline RSIGarden Reach Shipbuilders & Engineers has appeared weak in recent days. However, it may attempt a reversal after winning an order from the Bengal government . The stock gained over 2% in the afternoon session on the last trading day. Garden Reach Shipbuilders' stock rose by 2.28% to ₹1,695.75, compared to the previous close of ₹1,657.90 on the BSE. The market capitalization of the firm increased to ₹18,997 crore. The stock may find support at ₹1,444 in the near future. The stock is currently neutral. If you're planning to buy, wait for a trend change, as it is neither oversold nor overbought. Consider buying once the trend reverses at ₹1,796. Target 1: ₹2,192 Target 2: ₹2,604 Currently in a downtrend. It's best to wait and watch, as the last day's candle is indecisive.
NSE:GRSE
by TradeWithAshu
GRSE (Reversal Indication On DTF + 4hr Time Frame)Garden Reach Shipbuilders & Engineers Ltd (GRSE) is forming reversal on DTF and 4hr time frame. The stock has given reversal from 200 EMA Level on 4hr time frame. The possible upside remains for 1950, 2100 levels. Support on the 4hr time frame is placed at 1670 levels. Also, the stock has formed bullish engulfing pattern on DTF with Good volume. Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
NSE:GRSELong
by onkarsoundankar