GESHIP - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Technical Analysis for GESHIP (Great Eastern Shipping Co. Ltd.)

Technical Rating: 3.0

📉 Trend Overview

Current Price: ₹958 is below both 50 DMA (₹973) and 200 DMA (₹989) → Bearish alignment

RSI (42.6): In the lower neutral zone → weak momentum, not yet oversold

MACD (-5.45): Negative and diverging → bearish crossover confirmed

Volume: Current volume (3.59L) is above average (2.76L) → spike in activity, but not necessarily accumulation

📈 Chart Patterns & Indicators

Moving Averages

Price below key DMAs → downtrend bias

No bullish crossover observed

Bollinger Bands

Price near lower band → oversold territory, potential for bounce

Support Levels

Strong support: ₹930–₹940 (recent demand zone)

Next support: ₹910 (previous swing low)

Resistance Levels

Immediate resistance: ₹973 (50 DMA)

Major resistance: ₹989 (200 DMA)

Long-term resistance: ₹1,050–₹1,100 (gap zone)

🚦 Momentum Signals

Short-Term: Bearish momentum with MACD divergence and RSI weakness

Medium-Term: Downtrend intact unless price reclaims ₹989

Volume Trend

Recent volume spike → trading interest, but delivery % not strongly bullish

FII holding down (-0.80%) → institutional caution

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry (Aggressive) 930–945 Near support, oversold setup

Entry (Conservative) Above 989 Confirmation of trend reversal

Exit (Short-Term) 973–990 Resistance zone, near key DMAs

Exit (Medium-Term) 1,050–1,100 Major resistance, trendline cap

🔄 Market Phase

Status: Reversing from uptrend to consolidation

Bias: Bearish-to-neutral; watch for MACD flattening and RSI recovery above 50

Would you like me to overlay candlestick patterns or compare GESHIP with peers like Cochin Shipyard or Mazdock for sector context?

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