GRSE - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.0

Here’s a detailed technical analysis of Garden Reach Shipbuilders & Engineers Ltd (GRSE)

📈 Trend Analysis

Current Price (₹2,627) is above both 50-DMA (₹2,550) and 200-DMA (₹2,236) — indicating a bullish trend, though momentum is softening.

52-week Index at 61.3% suggests the stock is trading in the upper-middle range of its yearly band (₹1,180–₹3,538), showing partial recovery from recent highs.

Trend Status: Trending upward, but with signs of momentum fatigue.

🔍 Momentum Indicators

RSI (56.3): In the neutral-to-bullish zone, indicating moderate strength and room for upside.

MACD (-11.0): Negative — suggests bearish divergence and potential short-term weakness.

Volume: At 58.1L, above 1-week average (44.6L) — indicates active participation, possibly profit booking or rotation.

📊 Chart Patterns & Moving Averages

Price is above key moving averages, but MACD divergence hints at loss of momentum.

Support Levels

₹2,550 (50-DMA)

₹2,400 (recent swing low)

Resistance Levels

₹2,700–₹2,750 (recent top zone)

₹2,900–₹3,000 (gap zone and psychological resistance)

📉 Bollinger Bands

Price is likely near the upper-middle band, with bands narrowing — a sign of volatility contraction.

Watch for MACD reversal and volume spike to confirm next directional move.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 2,500–2,550 Near 50-DMA and support zone

Exit (Short-Term) 2,700–2,900 Resistance zone, potential reversal

Stop Loss 2,400 Below swing low and trendline

🧭 Summary

Trend: Bullish but weakening

Momentum: Mixed — RSI stable, MACD bearish

Volatility: Contracting, with breakout potential

Ideal Strategy: Accumulate near ₹2,500–₹2,550 with target ₹2,700–₹2,900. Wait for MACD flattening and RSI crossing 60+ for confirmation.

Would you like to compare this setup with other defense or shipbuilding sector stocks for broader positioning?

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