Grse triangle trend breakout and trying to reach all time high.
207 and 187 are the major support zones.
A trader should look at a chart for what it is, and not for what he wants it to be.
Wait for the pull back to make an entry. This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock...
Chart of the Week series discussed only good technical charts of stocks and indices . This is the only purpose for education.
IMPORTANT POINTS FOR STOP LOSS -
1) There is no perfect stop-loss strategy. ( SL may be increase or decrease as per your risk )
2) There is no perfect indicator that will warn you that this is a failed breakouts .
3) There is...
Technicals:
1) Consolidation of two years (Stage I).
2) Resistance zone breakout, after two years, with Volatility Contraction Pattern formation (Stage I to Stage II Transition).
3) Breakout supported with Healthy volumes.
4) Momentum indicators giving green signal.
Fundamentals:
1) Almost a Debt free company.
2) Paying out good dividends.
3) Posting good earning...
GRSE (Garden Reach Shipbuilders and Engineers) has finally broken through the long term resistance very convincingly with significant volumes. MACD is also in buy mode.
Entry: The risk-savvy investor can buy at the CMP where as the risk-averse investor can wait for a minor pullback towards 245-250 zone (38% retracement of recent upmove) for entry (a pullback...
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Chart is self explanatory. Entry, Targets and Stop Loss 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.
