GRSE trade ideas
GARDEN REACH SHIP&ENG LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Garden Reach Shipbuilders & Engineers LtdBased on the chart, here's a detailed description for the trade setup:
### **Trade Setup for GRSE:**
- **Entry (Buy):** The entry point for this trade is based on the breakout confirmation or continuation of an upward momentum. The buy price appears to be **above ₹1,720.30**.
- **Stop-Loss:** The stop-loss is set at **₹1,529.60**. This provides a buffer for potential volatility and ensures limited risk if the trade goes against you.
- **Trailing Target:** To maximize potential profits, consider a trailing stop mechanism. Start trailing from **₹1,993.75** (initial target). If the price surpasses this level, adjust the stop-loss incrementally to lock in profits as the price rises.
- **Risk-Reward Ratio:** The trade has a structured risk-reward ratio, aiming to achieve a higher reward for the calculated risk.
### Indicators Observed:
1. **Double EMA & Chandelier Exit:** These tools confirm trend direction and potential reversal points.
2. **RSI:** Current levels suggest strength in the momentum. Ensure it stays above key midlines during the uptrend.
Reassess the trade if the price fails to hold above the buy level or if there are bearish signals
Disclaimer
The information provided here is for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves significant risk and may not be suitable for all investors. Please perform your own research, consult a certified financial advisor, and carefully assess your risk tolerance before making any trading decisions. Past performance is not indicative of future results. The author is not liable for any losses incurred from the use of this information.
Stock Analysis - GRSE Stock Alert: GRSE (Garden Reach Shipbuilders & Engineers Ltd)
🚀 Descending Channel Breakout Potential
Buy Above: ₹1807
Sell Target: ₹3530
Gain Opportunity: ~96% if the pattern is completed successfully
💡 Technical Analysis Highlights:
A bullish reversal pattern is forming with the potential to break out from the descending channel.
Sector: Producer Manufacturing | Trucks/Construction/Farm Machinery
Strong upward momentum supported by improving fundamentals.
🌟 Key Fundamentals:
EPS Growth YoY: +12% (Sep '24)
Revenue YoY: ₹1,152 Cr (+28%)
📌 Plan your trade. Trade your plan!
Stay tuned for further updates and insights. 📊
#StockMarket #GRSE #TradingTips #BreakoutStrategy #InvestWisely #inestofino
@investofino
2 logicPrice is taking support from demand zone and taken support twice from 200ema.
Trend line breakout with retest successfully.
After trendline breakout volume spurt in daily time frame.
Bullish divergence in daily timeframe.
Fundamentals are OK.
Check Fib in weekly time frame.
NOTE: I do my analysis, do yours before trade.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
GRSE ! Can go new highs!?Looks like a trend reversal
volume impressive
down trend line break
note stock in a Downward trend
defence sector also bearish in last month
so be careful..keep strict stoploss
Target would be 2k++
stoploss 1700
exit position 1650
risk 130 reward 200++
Head and shoulder reversal pattern
sector also trying for reversal
my priority is GRSE as the patern s very clear
Then mazagon (very volatile) ..cochin ship ..
Garden Reach Shipbuilders & Engineers Ltd is a premier shipbuilding company in India under the administrative control of the Ministry of Defence, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. GRSE is a diversified, profit making and the first Shipyard in the country to export warships and deliver 100 warships to the Indian Navy and Indian Coast Guard
NB suggested in lower levels before also..
GRSE ! Can go new highs!?Looks like a trend reversal
volume impressive
down trend line break
note stock in a Downward trend
defence sector also bearish in last month
so be careful..keep strict stoploss
Target would be 2k++
stoploss 1700
exit position 1650
risk 130 reward 200++
Head and shoulder reversal pattern
sector also trying for reversal
my priority is GRSE as the patern s very clear
Then mazagon (very volatile) ..cochin ship ..
Garden Reach Shipbuilders & Engineers Ltd is a premier shipbuilding company in India under the administrative control of the Ministry of Defence, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. GRSE is a diversified, profit making and the first Shipyard in the country to export warships and deliver 100 warships to the Indian Navy and Indian Coast Guard
NB suggested in lower levels before also..
SWING IDEA - GARDEN REACH SHIP & ENGGarden Reach Shipbuilders & Engineers Ltd ., a leading public sector shipyard in India known for building warships and naval vessels, is showing signs of a potential swing trade opportunity.
Reasons are listed below :
1700 Zone as Strong Support : The 1700 level has acted as a crucial support zone, reinforcing a solid base for potential upside movement.
Bullish Engulfing Candle on Daily Timeframe : A bullish engulfing candle has formed, indicating increased buying pressure.
Golden Fib Zone : The price is currently bouncing from the golden Fibonacci zone, suggesting potential for further gains.
100 EMA Support on Daily Timeframe : The stock is well-supported by the 100-day EMA, further solidifying the bullish trend.
Target - 2200 // 2510
Stoploss - daily close below 1640
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
GARDEN REACH SHIPBUILERS & EN S/RSupport and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
GRSE looks good for 2k++Another breakout
volume is higher than yester day!
Defence theme!
2k can go !
Stop 1700
Garden Reach Shipbuilders & Engineers Ltd is a premier shipbuilding company in India under the administrative control of the Ministry of Defence, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. GRSE is a diversified, profit making and the first Shipyard in the country to export warships and deliver 100 warships to the Indian Navy and Indian Coast Guard
education purpose only!!
Not a reco!
Garden Reach Shipbuilders & Engineers Ltd May Breakout Above 920Garden Reach Shipbuilders & Engineers Ltd May Breakout Above 920
Buy Above 920
Stop Loss 830
Target Near 1050
Holding Time - 1-2 Month
Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions.