GRSE: Can go to 318 and higher
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 is not guaranteed though).
Target: First target is 318 (21% from CMP), although the stock can go much higher due to absence of overhead resistance.
Stop-loss: A weekly close below the stop-loss line should be taken as exit criteria.
Disclaimer: This is not a trading recommendation, but is only a predictive analysis for information and follow-up. NEVER trade without a protective stop-loss in place.
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 is not guaranteed though).
Target: First target is 318 (21% from CMP), although the stock can go much higher due to absence of overhead resistance.
Stop-loss: A weekly close below the stop-loss line should be taken as exit criteria.
Disclaimer: This is not a trading recommendation, but is only a predictive analysis for information and follow-up. NEVER trade without a protective stop-loss in place.
Feragatname
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