GARUDA CMP 114 Price sitting at breakout level as support which was previous resistance for the price.
Fundamentals are average and might look for long term holding.
SL below the zone.
Thank You
Girish
W.M.A
GARUDA trade ideas
Technical Analysis Suggests Strong Upside PotentialGaruda Construction's
The recent IPO has generated significant interest, and a technical analysis of its stock price reveals a bullish outlook. The stock has been trending upward since its listing, breaking through multiple resistance levels with strong volume. This indicates a growing demand for the stock and a positive sentiment among investors.
The Relative Strength Index (RSI) is currently in the overbought territory, suggesting that the stock may be due for a short-term correction. However, the overall trend remains bullish, supported by strong fundamentals such as a robust order book and a proven track record in the construction sector.
Key technical indicators like the Moving Average Convergence Divergence (MACD) are also showing bullish signals. The MACD line has crossed above the signal line, indicating a potential for further upside.
Disclaimer: This is a technical analysis and should not be considered financial advice. Investing in the stock market involves risks, and investors should conduct their own research and consult with a financial advisor before making any investment decisions.
Targets :
1.142
2.195
Aar ya Paar Bullish above 120…
Risk reward 1:1
Targets : 140, 150 ,trailing
SL : Short term 90, long term accumulation at lower levels based on other indicators
GARUDAGARUDA showing very good strength 1st time in last 5 sessions since listing. Market participation also increased. 110 is new support area. So as long as its above 110 level, it may continue momentum ride from hereon.
