Hi,
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...
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.
GARDEN REACH Cmp 958 dated 23-4-2024
Weekly Chart
1. Triangle BO @ 975
2. Price Rise with Volumes
Buy above 975 & dips till 900 target 1350 SL 820
it is just a view, please trade at your own risk.
The probability of a breakout getting failed is much higher than it's success rate.(A STOCK AT REST TRIES TO BE AT REST AND THE ONE IN MOTION TRIES TO BE IN MOTION like NEWTON's First Law Of Motion)
But breakout trades are the most rewarding trades in stock market.
So...if there was a method to find out a high probable successful breakout then it would have been a...
GRSE is defensive stock . Look at the pattern it has formed previously and how it has broken the resistance and reached the target.
It is near by to break the previous high 975. Only it breaks 975 go for long for the target of 1300+
Disclaimer: Only for learning Purpose
#GRSE trading above Resistance of 892
Next Resistance is at 1176
Support is at 633
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...
Weekly chart looks good, MACD crossover is likely to be happened in coming days and moving averages are reqd to fly the stock are in positive side, RSI which is bullish, so next leg of move will shortly start in the GRSE.
#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...
This stock style is like accumulation and giving a big move, then accumulation and a big move. See the entire chart, like only stocks take resi and move, rest and move.
No recommendation for buy and sell
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...
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
1. Entry at 844
2. Target - 965
3. Stoploss - 799
Disclaimer :- Iam not SEBI registered adviser. Please research before Investing.
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