GRSE trade ideas
FALLING WEDGE BREAKOUT: [PSU Stock] 🔨📌 Levels are mentioned on chart for ❝Swing trading❞. Garden Reach Shipbuilders & Engineers Ltd, abbreviated as GRSE, is one of India's leading shipyards, located in Kolkata, West Bengal. It builds and repairs commercial and naval vessels. Presently GRSE has also started building export ships in a mission to expand its business.
The stock has shown high volume along with the breakout from an important resistance level .
▣ Key Highlights:
➨ Time frame DAILY 𝓦
➨ Wedge Breakout
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GRSE BULLISH POSITIONALTRADEONE CAN GO LONG AT CMP WITH SL 180.TGT 208 & 220
170-180 ZONE ACTED AS STRONG SUPPORT FOR A LONG TIME.
STRONG BREAKOUT.
VOLUME SUPPORTED MOVE.
GOOD Q4 RESULTS QOQ NET PROFIT 16.72% GROWTH.
EVERY QOQ EPS GROWTH.
www.business-standard.com
GRSE in triangle on monthly time with RSI divergencePossible horizon for targets are between 8 months to 1 year.
garden reach shipbuilders bullish bat GRSEbullish target 208.65 but let candle close above both red lines first
Garden Reach Shipbuilders & Engineers Ltd.(Short Term)It is only for educational purposes, do your own analysis before buying.
grsetrade on confimation,as baltic index is on high and shipping industry is bullish how will manunfacturing will left alone in bull run
Live Challenging Stock Market Analysis Buy GRSE @ 178.50
Target @ 236.70
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1. Follow our 15 signals ….10% equity will increase in your account for sure.
2. We are not Trailing stop! or average the trades.
3. 2% Risk Management Per trade.
4. Risk vs Reward up to 1:7.
Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allows you to be good in overall pips profit.
Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best Wishes
Tradingwithtamil
GRSE Consolidating.Consolidating near support area of 180-190 and simultaneously also forming ascending traingle. Should pick up once cross 220/222 on WCB. Fundamentally strong stock with the large order book.
GRSE LONG!!!
1) Inverted H&S pattern formation.
2) Closing price above the upper trendline with good volume.
3) Wedge breakout.
Interested ones can take long positions above 213.
GARDEN REACH SHIPB Under consolidationAs shown in chart, Stock under consolidation....expecting Breakout in upcoming weeks...Blind buy near 180 levels...with big targets....Will review it next week since its weekly chart....
GRSEWatch GRSE on day time frame. It has given a breakout today from the symmetric triangle formed on the daily time frame.
We can expect 230-250-280 levels
A high return setup This stock has been consolidating for the past few days and Have given a wonderful breakout with a Big green candle supported with Large volumes on a Daily chart.
Suggestion would be to buy it on a dip somewhere around 211-213. Targets can be set Till 235. There are high chances that the stock might hit the target in a very short time.
GRSEBUY-196
SL-187
T-210/226/244
AT THE SUPPORT TRENDLINE
TRIANGLE FORMATION BREAKOUT
RISK REWARD FAVOURABLE..
