Garden Reach at Downtrend, Decline RSI

189
Garden Reach Shipbuilders & Engineers has appeared weak in recent days. However, it may attempt a reversal after winning an order from the Bengal government. The stock gained over 2% in the afternoon session on the last trading day.

Garden Reach Shipbuilders' stock rose by 2.28% to ₹1,695.75, compared to the previous close of ₹1,657.90 on the BSE. The market capitalization of the firm increased to ₹18,997 crore.

The stock may find support at ₹1,444 in the near future.

The stock is currently neutral. If you're planning to buy, wait for a trend change, as it is neither oversold nor overbought.

Consider buying once the trend reverses at ₹1,796.

Target 1: ₹2,192
Target 2: ₹2,604

Currently in a downtrend. It's best to wait and watch, as the last day's candle is indecisive.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.