GESHIP trade ideas
Chart Of The Week* Previously this breakout its major resistance with extremely high volume in weekly chart . Now pullback its support zone and trading near its support . After breakout Resistance now act as a Support now .
GE Shipping Cmp 398 dated 14.5.2021GE Shipping Cmp 398 dated 14.5.2021
1. Flag pattern on chart.
Buy for a tgt of 430 - 520 SL 340
It is just a view, pls trade at your own risk.
GE SHIPPINGTime for GE SHIPPING
GE SHIPPING formed a very strong DIAMOND PATTERN on Weekly Charts
we have seen BREAKOUT from the pattern with HUGE VOLUMES
levels we may see around 600 for midterm
STRONG CHARTS STOCK RESUME UPTREND
Buy GE SHIPPING
CMP 397-398
ADD MORE WHEN IT COMES DOWN TO 380-385 LEVELS
SL 350
TARGET 460, 500
QUOTES ARE ONLY FOR EDUCATIONAL PURPOSE
Diamonds pattern breakout GE shipping breakout of diamond pattern on weekly timeframe nd also breakout of trendline . Good volume are also there go long
Multi Year Breakout - Cup and Handle PatternGreat Eastern is involved in the business activities of Sea and coastal freight water transport.
The stock has broken out of a multi year resistance with good volume and Cup & Handle formation on charts.
The stock is fundamentally good. Mutual funds have also raised stake in the company and is holding around 22.91% stake.
Further, the chart is self explanatory.
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GESHIP: LongGreat Eastern Ship: One can enter this once it breaks the trendline which can happen very soon as it's the third time it has come near that. The risk-reward is very favourable with SL as 280 WCB.
Great shipping solid chart M about to take off500 next stop. Has cause and volume is showing markup phase to begin.
GE Shipping headed for a 14 Year BreakoutTailwinds in the sector ahead.
Due to Baltic Freight Index scaling new highs, this is likely to attract large investors.
HDFC MF has already bought good stake in the company.
risky betrisky buy
buy above 295.6 with stop 287
targets as per fibo levels in chart
disclaimer - trade @ own risk
