Pennant Pattern BO #GRSE
- Whole sector is on the move
- BO validated with Volume
- Bullish RSI
- Above Key EMAs
GRSE trade ideas
GRSE breaks cup and handel patternGRSE right now on bullish mode and it is above all moving averages and also with 60+ rsi and make bullish candel.
break cup and handel pattern
it can buy at 585 level
targets 1st 650
2nd is 714
it can be give good move if the volume increase.
happy trading
disclaimer
this are only for educational purposes
FOR LEARNING PURPOSE ONLYHello traders
GRSE looks good to move further.
As the stock has given breakout with volume retested the levels and now showing strength again to move.
Keep on radar to catch the momentum.
Thank you. NSE:GRSE
Garden Reach Shipbuilders & Engineers Ltd. (GRSE)A defence sector play, GRSE looks poised for an upward momentum after 26 weeks of consolidation. Sustained momentum above its breakout level of 564 will be positive.
Good support zones around 510, 450 and 400 levels.
However, as always, keep a stop loss of 5-8% if the trade goes wrong.
Channel Pattern BO - Consolidated in a channel after an uptrend
- BO validated with volume
- Above Key EMAs
- Bullish RSI
3 amazing swing trade ideas for 13 June markets I daily make educational content videos for swing / positional trading
#GRSE will give ATH !Stock is giving multiple BO and retesting, pole and flag pattern, very soon ATH may be seen.
Fresh breakout to make new high1. 5 months consolidation
2. Decisive breakout
3. Major trend- Bullish
4. Time correction-Sign of strength
GRSE - daily cmp 462Huge Triangle consolidation and flag pattern inside.
For low risk traders buy on breakout for targets 480-500 with a SL of 440 on daily closing
For swing and investment pov, buy at cmp, add on dips till 420-400
Targets 480-500-528-553++
SL 400 on daily/weekly closing.
Positional or Longterm Opportunity in GRSEGo Long above 231.75 for Targets of 255.8 and 279.85 with SL 207.7
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.5 Fibonacci level.
2. In addition to this a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around the 0.5 Fibonacci level.
3. Also there is a strong Trendline (marked with green color), from which the stock is taking support and moving up.
Another C / 3 started ?5 wave rise - > shallow retracement (38%) -> 2 closes above 20DMA
Weekly Positive closing
Keeping fingers crossed for the marked zones
Happy Trading !
Ascending triangleAscending Triangle in formation
One can go long with proper risk as SL
Picture perfect ascending triangle
GRSE: Breakout mode after a consolidationNSE:GRSE - Garden Reach Shilbuilders is showing a good, clear upmove after breaking a rectangle consolidation zone.
In last 1 week's trading session it shows a strong positive upmove with increasing volume build up. Perfect to poise to move towards 550 zone in near term.
Buy zone: 495-505,
SL: 480,
Target: 550
GRSE - Ichimoku Bullish Breakout Stock Name - Garden Reach Shipbuilders & Engineers Ltd
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 501
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
GRSE - Ichimoku Bullish Breakout Stock Name - Garden Reach Shipbuilders & Engineers Ltd
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 469
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
Buy Today, Sell Tomorrow: GRSEDON'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 on the chart are calculated using the BREAKOUT INDICATOR
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in GRSE
Buy Today, Sell Tomorrow: GRSE
#GRSE #PURE PRICE ACTIONTRADE wisely.
WE CAN JUST PREDICT.
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 53.25%
Debtor days have improved from 83.73 to 56.99 days.
The company has shown a good profit growth of 18.43% for the Past 3 years.
The company has a good cash flow management; CFO/PAT stands at 1.45.
The company has a strong degree of Operating leverage, Average Operating leverage stands at 6.51.
Company has a healthy Interest coverage ratio of 18.31.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
PLEASE LIKE AND SHARE IF YOU AGREE WITH THE IDEA
Long GRSE target Rs. 320+ in long TermThe Stock need a close above 233 in order to move to higher level also a very strong lifetime resistance. These are long term targets and final target is 320+ with Stop Loss on monthly closing basis on 178
Slow moving so add as per your risk in SIP Mode.
