1. Entry at 844
2. Target - 965
3. Stoploss - 799
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Garden Reach Shipbuilders & Engineers Ltd stands as a leading shipbuilding firm in India, operating under the oversight of the Ministry of Defence. Its primary focus is on meeting the shipbuilding requirements of both the Indian Navy and the Indian Coast Guard.
▶ Trend changed in April due to bull market
▶ 50 EMA has always acted as a support
NSE:MAZDOCK has out-performed its peers NSE:COCHINSHIP and NSE:GRSE since the start of 2023. However, all 3 stocks have out-performed the market. These 3 have created significant wealth for investors. Fundamental triggers are plenty for these companies. Defense sector is looking very strong and one should definitely keep an eye on these 3. Order book is also...
#GRSE trading above Resistance of 633
Next Resistance is at 892
Support is at 485
Here are previous charts:
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...
GRSE Daily Analysis!
Descending Triangle Pattern Formation in GRSE!
Descending Triangle Breakout in GRSE!
Will not enter if candle closed inside the Triangle!
GRSE has made Descending Triangle Pattern on a Daily Timeframe. It gave a resistance breakout with high volume currently retesting the support level. Will Resistance become Support in GRSE? Will...
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.
It's not a weekend but chart looks good to me wrt. price action.
After breaking out of the earlier ATH and retesting the stock made a nice base consolidating weeks in ~29% range with low volumes on down weeks and now breaking out of it and sustaining above it for 8 weeks in a tight range of 13%.
Monday it showed nice strength and made new ATH with volume...
BUY - GARDEN REACH SHIPBUILDERS & EN
CMP - Rs. 415
Target - 1: Rs. 537
Target - 2: Rs. 615
Target - 2 will be hit > 1 year
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This chart is for educational purposes only. Invest at your own risk.