GE Ship - Red Sea blockade tradeA stock thats become a free cash printing machine
With the blockade in the red sea the stock looks primed to now mmove upwards..
Prices of both container and product tankers has shot up. In the case of VLCC's is similar to its June'23 peaks also.
The co which works on short term leases will be booking some great contracts.
Long at current prices with stoploss below 940.
I would double up the allocation above 1000 (Wedge breakout) and then shifting my SL to 970.
Trade ideas
Great Eastern Shipping Company - Long Setup, Move is ON...#GESHIP trading above Resistance of 684
Next Resistance is at 1007
Support is at 485
Here is previous chart:
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 financial advisor before taking any trade.
GE Shipping - Follow thru tradeWith tankers and container ship rates now going up..GE could be a major beneficiary as last time only tankers went up while containers went down..
Long above 1005 with any move above 1050 leading to a much larger allocation.
SL for the first part of the trade woulld be sub 910 so keep the allocation at 5% and add more above 1050 where the SL can then be shifted to 1010.
Great Eastern Shipping' at ATH'Great Eastern Shipping' broke out of it's base and at ATH.. with strong volumes.. take a position of small quantity with SL set for ₹ 37.95
“To compound your money, and not your mistakes, your goal is to buy on the way up—not on the way down.”
― Mark Minervini
Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor
Moving Averages are really powerful. . . !Can you believe they are...
Moving average(MA) is one of the oldest indicator. Lot of people (including me) would reject the idea that such a simple indicator can be of any use in modern day considering availability of advance computer tools.
I came across free training videos of Oliver Velez who explained on how to use it. When I back tested his logic I was really surprised..
Since then I have kept 20SMA and 200SMA as default on my chart. Best part of this concept is, it works on any time frame.!
MA can answer following key questions which helps anyone become good trader/investor..
Q1. Is the stock trending? and What is the direction of trend.?
A1. If 20MA is flat stock is not trending. Direction of 20MA is direction of trend.
Q2. How old is the trend. (if trend has just started I can board it and if it is too old I will not)
A2. If 20MA is not too far from 200MA trend has just started. If 20MA is too far from 200MA be alert trend might be matured.
Q3. Am I buying in value zone so that my SL is small.?
A3. Buy when stock retraces near 20MA.
Q4. Am I exiting at a value where I have got good amount of move. So that my profits are much higher than losses.
A4. Exit when stock is far away from 20MA.
I have marked all above on these chart for easy understanding.
As we can see FAR and NEAR are relative terms. Hence it takes good amount of practice to grasp and trade this concept.
Considering volatility lot of whipsaws can happen in intraday and daily time frame. So I started using it on weekly time frame and started getting good results with holding time of 3~10 weeks.
However once you are confident in your stock selection criteria this is good way to ride a trend.
We can compare trading using MA to flying kite. It is simple but not easy. One need to practice to master the skill.
One need to get feel direction and gust of wind,
Understand behavior of kite and
finally time the action to fly kite.
Hope this post will help you appreciate this oldest indicator...
GESHIPGESHIP
Red is 20EMA
Market Broke above Swing High
Entry-750
SL-708
TGT-1-880
TGT-2-960
R:R-1:35
*EXIT METHOD*
1ST TGT With SL (50%)
(50%) Wait for 2ND TGT With SL Cost to Cost or Trail
*Entry Tips*
*Aggressive traders can consider buying above the high of the breakout candle.
*Safe traders wait for a retest of the breakout level and then enter a buy position.
*Aggressive traders will have big Stop-loss with small Target.
*Safe traders will have Small Stop-loss with Big Target.
*Don’t Rush to enter the Trade.
*Disclaimer*
This analysis is for educational purposes only, and I am not a SEBI registered analyst. Please conduct your own research and consult with a certified financial professional before making any investment decisions.
*Support Required*
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Thank you for your continuous support, likes, follows, and comments. Your encouragement keeps me motivated to consistently provide valuable insights.
Trend Analysis, Chart Patterns,Candlestick Analysis,Price Action,
Technical Indicators,Support and Resistance, Supply and Demand,Trendline,200EMA,Swing Trade,Positional Trade,
GESHIP - SWING TO SHORT TERM ENTRYGESHIP
* Perfect Cup N Handle pattern Breakout
* Best to enter near around 715-720 in retracement
Financial trend
Operating Profit To Interest (Q)
Highest at 11.03 times
Roce (HY)
Highest at 20.80 %
Debt-Equity Ratio (HY)
Lowest at 0.36 times
Pbdit (Q)
Highest at Rs 847.04 cr.
Operating Profit To Net Sales (Q)
Highest at 58.18%
Pbt Less Oi (Q)
Highest at Rs 602.76 cr.
Pat (Q)
At Rs 721.94 cr has Grown at 41.4 %
A Cash And Cash Equivalents (HV)
Highest at Rs 3,799.35 cr
1 Net sales (Q)
Highest at Rs 1,455.98 Cr
GE Shipping - Potential fresh breakoutDespite the cuts in productions..the tanker market suddenly has turned very hot again..
charters are happening at much higher rates than June bookings.
GE could potentially benefit from the same going ahead.
Long above 743 with a stoploss below 710..
Only buy the breakout + I will keep strict stoplosses here coz crude production is down so logically prices should've fallen but strangely the opposite has happened.
Long on Great Eastern shipping Co. for Short TermThe stock hit a 52-week high of 749 on 21st Dec 2022, but failed to hold on to the momentum, falling about 29% to 532.25.
It took support and broke out from wedge pattern to reach a high of 634.20 today, rising about 19%.
In terms of price action, the stock is trading well above all the short-term and long-term moving averages.
RSI is above 55 and MACD gave bullish crossover above its signal line on 2nd March 2023.
Based on bullish moving averages and technical indicators, it is expected that the stock's price will continue to rise towards the assigned targets, with a recommended stop-loss of Rs 589 on a daily close basis.
GREAT EASTERN SHIP BRAKEDOWNNNNNNThis posts are my personally traded stocks daily,I take trade mostly in all the stocks which i post and many more too which i am unable to post,as tradeing view limits my post to only 10 stocks per day,Some hits stoploss,some hits trailing stop loss,some give targets,some ends in cost to cost,some give Very huge profits too,So dont judge this channel on any one trade or one day,U take average of all trades and see the average returns,I am not responsible for any kind of losses or profits u face,PLEASE TRADE ON YOUR OWN RISK.
SELL BELOW LOW OF BRTAKEDOWN CANDLE
SELL AT 649.95
SL AT 672.85