📊 Garden Reach Shipbuilders & Engineers Ltd – Strong Bullish Reversal
The stock has shown a sharp recovery after a correction phase and is now moving in a strong uptrend with bullish price structure.
🔎 Technical Observations:
• Sharp bounce from lower support zone
• Formation of higher highs & higher lows
• Strong bullish candles with follow-through buying
• Price sustaining above key moving support levels
• Momentum indicators turning strongly positive
🔑 Key Levels to Watch:
• Immediate Support: ₹2,730 – ₹2,700
• Major Support: ₹2,550 – ₹2,420
• Immediate Resistance: ₹2,950 – ₹3,000
🚀 Upside Targets:
• ₹3,050
• ₹3,180
• ₹3,300+
📉 Risk Scenario:
Breakdown below ₹2,700 may weaken the trend and lead to downside towards ₹2,550
📈 Trading View:
👉 Stock is in strong bullish momentum after reversal
👉 Dips can be buying opportunities near support zones
👉 Sustained move above ₹3,000 can trigger fresh breakout rally
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊