GRSE is towards the resistance. I think the entry above the marked resistance level only if its sustained above will be a good short term trade.
Wait for closing of candle.
GRSE trade ideas
Garden Reach Ship&Eng Ltd Stock is in MomentumLook this Stock Price is currently.
Stock Elliot Wave ABC Correction Complete. Price Dow Theory Change.
This stock trendline breakout.
Entry around 1570 Then stop loss 1430 and target 1970.
6% move left in GRSE towards the downside before the 40% RallyAs we can see in the chart, there is a strong high and a weak low. The stock is trading near the Low and has given a new break of structure to the downside. We can currently expect the GRSE to fall more than 5% towards the downside before it starts continuing the rally of 40% from the demand zone present below the levels.
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
Garden Reach Ship&Eng Stock Short Term BullishGRSE Stock Trade above 50 EMA
Stock has completed 4th wave. Now it is expected that the 5th wave will come. If the fifth wave comes then the target will be 2800.
Stop loss 1499 buy price above 50 EMA close.
GRSE,1D, swing ideaAfter 5-6months of consolidation, defense scrips showing strength and volumes. Stop and targets are marked. Anticipated time is upto 45 days.
GARDEN REACH SHIP& ENG.LTDThe Stock is trading near 200 EMA on daily time frame. and it also taking support at 200EMA.
View on this is reversal from it's Support.
GRSE--breakout with good volume
--good accumulation region
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
-- Do your own analysis and consult your financial adviser if needed
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.
GRSEGRSE - Stock retested 200 DEMA and now crossed 20 DEMA successfully.. Stock is ready is 2000-2250-2500-2750+ levels down the line 2-3X for the long term horizon..Go for it..with SL 1450
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.
GRSE Possible start of reversal.NSE:GRSE Showing Early Signs of a Reversal Possibly with Above Avg. Volume and RSI Getting Stronger keeping a close look as of now.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
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.
Stock Near Breakout Zone NSE:GRSE Stock near breakout zone, if it cross breakout zone we can expect good upside movement. Risk reward at this level is good, can wait for breakout confirmation.
resistace breakout stock is very dclose to his breakout
lookss good above 980
only for educational purpose
not for recommdation
GRSE - Flag PoleGRSE :
Flag Pole set up in place
Need to sustain 2730 levels for a stronger breakout
Short Term Trading Idea in Garden Reach Ship for 20% UpsideHi,
NSE:GRSE has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on daily, weekly and monthly time frames. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Disclaimer: Please consult your financial advisor before making any investment decision.
GRSE - Breakout Setup, Move is ON...#GRSE trading above Resistance of 2502
Next Resistance is at 3468
Support is at 1677
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.
GRSE - Breakout Setup, Move is ON...#GRSE trading above Resistance of 1677
Next Resistance is at 2502
Support is at 1353
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.
GRSE: Multi-year breakout from ascending Channel(Monthly Chart)Garden Reach Ship builders got listed in the month of Oct'18. It had entered a consolidation phase in Sep' 2019 which lasted for 4 long years.The scrip broke out of consolidation in the month of Aug'22 and has since more than doubled.
The stock has been continuously rising and has also broken out of an ascending channel in the ongoing month of Aug'23.
Three expected targets are assigned in the chart.
GRSE Garden Rich moves prediction for next couple of daysDefence PSU Garden Reach Shipbuilders & Engineers Limited(GRSE) on June 22 signed an agreement with German firm Carsten Rehder Schiffsmakler and Reederei GmbH & Co KG for the construction and delivery of four multi-purpose vessels of 7,500 DWT each, with an option of building another four ships in the near future.
As part of the order worth $54 million, Garden Reach Shipbuilders will be designing, building, and delivering the vessels after completion within a time period of 33 months.
After reading the news I have a glance on this script and here is my analysis:-
The stock is in correction phase of Elliot wave where it has completed wave A already with pattern 12345. Now wave B to be made which must have ABC pattern and ideally it must not break high of wave 2 of corrective phase wave A that is around 1800.
Stock might open gap and then move up, then some correction and then another up move up to 1800 in the form of ABC, on Monday itself or in couple of days.
** On smaller time frame A and C must follow 12345 pattern and B must have ABC pattern.
Then if stops there following Elliott WAVE from there it must start making corrective phase wave C with 12345 pattern and must go below recent low of 1632.
* It is not a trade advise but technical analysis shared based on my understanding of patterns and personal experiences, please take any trade at your own risk.
