Garden Reach Shipbuilders & Engineers LtdGRSE is trading near breakout zone we can consider this stock on current market price 905.50
with sl of 850 for target of 1030
debt to equity ratio - 0.01
GRSE trade ideas
GRSE- Pole and Flag PatternNSE:GRSE 657
1. Rectangle Pattern's movement continue (Breakout was at 525 level)
2. Fresh Pole and Flag Pattern Breakout in the chart at 625 level with strong Volume
3. Upcoming levels to watch 725-800 levels
4. Support near the 600-550 level on the chart.
5. Recent uptrend is making this pattern strong
6. Today's Gap can consider as Breakaway Gap.
#TechnicalAnalysiswithMrChartist
GRSE-LONG DAILY TIME FRAME NSE:GRSE
Stock is in continue uptrend from last few days it has never traded below its previous swing in past few days.
On 27th-June stock has shown Bullish Engulfing (Bullish price action) which is good sign for positional equity/swing traders.
We can go long if it opens flat on Tuesdays (28th June) trading session.
SL: 550 Target: According to your risk reward 1:1 or 1:2
This is only for educational purpose, please manage your risk accordingly.
Garden Reach Shipyward - Longterm Bullish TrendGRSE had a good cup and handle breakout. Then consolidated side ways for more than 17 months and gave a breakout again recently. Generally longer consolidations results in explosive movements upwards or downwards depending on the upward or downward breakout. Mid term target 310 and long term 500 in 12- 18 months.
grseGarden Reach Shipbuilders & Engineers is a ship-building company in India under the administrative control of the MoD and primarily adhere to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. In addition to its ship and warship building capabilities, it is engaged in engineering and engine production activities. As a part of its engineering division it manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps. The company’s shipbuilding division contributes a significant majority of its revenue from operations.
Product segment
Shipbuilding
Engineering
Engine
