Garden Reach Shipbuilders (GRSE) Bullish Inv HnS BO with volume
Thanks for sharing the chart of **Garden Reach Shipbuilders (GRSE)**.
Strong **bullish setup** supported by two technical patterns:
1. **Falling Wedge Pattern (Breakout)** – A classic bullish reversal pattern, and it has broken out with strong volume.
2. **Inverted Head and Shoulders** – Another bullish reversal formation that also broke out around ₹1,730–₹1,750 zone, confirmed with high volume.
### Key Highlights:
- **Breakout Confirmation**: Price closed at ₹1,957.80, up **+11.90%**, with strong volume (17.64M).
- **Targets**: Based on pattern projections, potential target zones are:
- ₹2,354.10 (Inverted H&S breakout)
- ₹2,833.80 (Falling wedge pattern breakout)
- **Support Zone**: ₹1,730 acts as a strong support now (previous resistance).
This confluence of two bullish patterns with a volume spike significantly increases the probability of continued upward momentum.
Strong **bullish setup** supported by two technical patterns:
1. **Falling Wedge Pattern (Breakout)** – A classic bullish reversal pattern, and it has broken out with strong volume.
2. **Inverted Head and Shoulders** – Another bullish reversal formation that also broke out around ₹1,730–₹1,750 zone, confirmed with high volume.
### Key Highlights:
- **Breakout Confirmation**: Price closed at ₹1,957.80, up **+11.90%**, with strong volume (17.64M).
- **Targets**: Based on pattern projections, potential target zones are:
- ₹2,354.10 (Inverted H&S breakout)
- ₹2,833.80 (Falling wedge pattern breakout)
- **Support Zone**: ₹1,730 acts as a strong support now (previous resistance).
This confluence of two bullish patterns with a volume spike significantly increases the probability of continued upward momentum.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.