Watch out for resistance breakout in Geship at 340we can see good up move above 340Longby vijay_gupta0
Great Eastern Shipping chart analysisGreat Eastern Shipping chart analysis for intraday and swing tradingby TRADINGENGINEER1431
GESHIP - Stock to invest for medium-long termFundamental pick: GESHIP( Great Eastern shipping company Ltd) It's largest private player in providing shipping service( Bulk carriers & tankers) to its clients. More precise to explain is that they do transporting of crude oil,gas, petroleum products and other bulk dry products such as iron ore, coal,grains, etc. Some of its clients are GOI,Coal india ltd, Hyundai and many others, etc. Company has 46 vessels, 33 tankers & 13 dry bulk carriers. Recently it has acquired one more vessel in last quarter and another one in this quarters. Reason for buying this stock: 👉 This sector didn't perform in the last few years due to invisibility in earnings. Also company order book is the lowest compared to past 20 yrs(value reflected in its price). However, worst is behind and we expect good recovery in this sector in the coming months/years. Imagine, you can't trade any commodities/goods without logistics. In logistics, sea logistics is very cheap compared to air logistics. Due to covid-19 and other impacts, no demand in the last few quarters which has already reported by the company in its investor presentation. Going forward, definitely there will be demand in logistics segments once normalcy comes💚💚💚 👉 ROCE & ROE has been improving over the past 2 years 💚💚 👉 Revenue visibility seen for next quarters💚💚💚 👉 Company is market leader in this segment👍 👉 Net profit for the last few quarters has been increasing with increased profit margin 💚💚💚 👉 FII/Mutual funds increased their shareholding in the last quarters ( Remember , biggies won't invest in a company which has no growth future prospects, so 😍💚💚) 👉 One of the main reason i have chosen this stock is that it is highly undervalued. Book value per share is 505 and CMP is 278. Also, Pe is very low compared to historical averages and also comapred to industry. Value bargain💚💚💚 👉 Debt to equity is very low and earning per share has improved💚💚👉Also, high delivery percentage of stocks in the last one month. It indicates investors accumulate for investment💚💚 👉 Company's cash flow is at comfortable levels and able to manage it's future obligations which is very good sign💚💚💚 Negative factors (only negative)❤️: As mentioned in management commentary, company's sees weak trade demand & supply overhang in the near future which is the only negative but long term future is good for the company. Technical front: Stock is trading at 278 levels,it has given breakout with volume in weekly timeframe, however we have seen pullback & taken support. Now, it has started moving. Also, we seen lower lows and higher high after bottomed out. We expect good upside in the coming days. Short-medium term target - 350+ Long term target - 500+ Tips: Don't immediately jump into it, as nifty is trading higher any downfall will drag this down. However, invest 40% of your money, remaining 60% @ 240-250 levels. Take as per your risk 🙏🙏🙏 Longby vk_Bullsview1
Great Eastern ShippingBuy around 265-270, Inverted Head and Shoulder patter is getting completed. It will cross 335-350 from this level in next 06 months.by kant_lt1
GESHIPI am not SEBI registered analyst, plz do your own Analysis before trade I just published my Idea Longby classiclearnerUpdated 0
GESHIP Doji on Daily TimeframeGESHIP has been rising the past week on account of its dividend issuance. The Ex-Dividend day is on 09-06-2020 i.e Tuesday. Prices usually tend to correct themselves on this day. Combined with the DOJI formed on daily timeframe at an important resistance zone yesterday, one can look for shorting opportunities in intraday below 231. TGT1: 225.5 TGT2: 218.5 NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.Shortby tradepurgeUpdated 3
GESHIP BREAKOUT TRADE SETUPPrice got breakout from trend line resistance zone with good volume. from last 1 week delivery data also good. yesterday 86% delivery recorded.. expected target is 245 in short term with stop loss below 200 closing basis.. #GESHIP #InvestmentIdeas Longby KING9990
G E Shipping looks like a good betGE Shipping is looking good with SL of 369 and target of 310 - 317.Longby rohitshakti0
GE Shipping trading near trendlineGE Shipping trading near trendline looking attractiveLongby laravelhemraj0
GE Shipping Looks Good For Investment ... {Bullish}Dear All , Everything is mentioned Over the Chart ... Good Luck !!!Longby Mohit_JangirUpdated 5523
GEShipping - Symmetrical TriangleSymmetrical Triangle Break Out. EMA Cross Over With Volume. Price Above EMA. Other Details Mentioned In Chart. I am not SEBI Registered Financial Advisor. Longby SafeTrader1976Updated 8
trend building to the buy side price pull back to the level to 396 one can go long to the target of initial price of 425Longby nalinakshiUpdated 4
GESHIP Weekly income tradeWeekly income is short term swing. Entry - 430.6 Stoploss - 418.2 Target - 454.4 Longby pzanzane1