SWING IDEA - GARDEN REACH SHIP & ENG

Atualizado
Garden 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


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@visionary.growth.insights
Trade fechado: stop atingido
stoploss hit : -17%
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