GESHIP - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.4

Here’s a detailed technical analysis of The Great Eastern Shipping Company Ltd (GESHIP)

📈 Trend Analysis

Current Price (₹1,060) is above both 50-DMA (₹976) and 200-DMA (₹983) — confirming a bullish trend.

52-week Index at 46.2% shows the stock is trading in the mid-range of its yearly band (₹797–₹1,365), suggesting partial recovery from highs.

Trend Status: Trending upward, with signs of short-term strength.

🔍 Momentum Indicators

RSI (71.5): In the overbought zone, indicating strong momentum but caution for a potential pullback.

MACD (20.4): Strongly positive — confirms bullish crossover and trend strength.

Volume: At 8.11L, slightly below 1-week average (8.91L) — suggests healthy but cooling participation.

📊 Chart Patterns & Moving Averages

Price is well above key moving averages, reinforcing bullish sentiment.

Support Levels

₹976 (50-DMA)

₹983 (200-DMA)

₹940 (recent swing low)

Resistance Levels

₹1,100–₹1,120 (minor resistance zone)

₹1,200–₹1,250 (gap zone)

₹1,365 (52-week high)

📉 Bollinger Bands

Price is near the upper band, suggesting short-term overextension.

Bands are expanding, indicating volatility and strength in the current move.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 980–1,000 Near 50-DMA and support zone

Exit (Short-Term) 1,120–1,250 Resistance zone, potential reversal

Stop Loss 940 Below swing low and trendline

🧭 Summary

Trend: Bullish

Momentum: Strong, nearing exhaustion

Volatility: Expanding, with breakout potential

Strategy: Accumulate on dips near ₹980–₹1,000 with target ₹1,120–₹1,250. Monitor RSI for cooling below 65 and MACD slope for signs of consolidation.

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