GRSE - Technical Analysis

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

Technical Rating: 3.6

Here’s a full technical breakdown of Garden Reach Shipbuilders & Engineers Ltd (GRSE)

📉 Trend Overview

Current Price: ₹2,581 is below the 50 DMA (₹2,685) but above the 200 DMA (₹2,133), indicating a pullback within a broader uptrend.

Trend Status: The stock is reversing from its recent highs and showing signs of short-term weakness.

📊 Momentum Indicators

RSI (41.4): In neutral zone, leaning toward oversold. No strong momentum yet.

MACD (-93.0): Deeply negative, confirming bearish crossover and fading momentum.

Volume: Current volume (5.84L) is below 1-week average (8.51L), suggesting low conviction in recent price moves.

📈 Moving Averages

Indicator Value Signal

50 DMA ₹2,685 Price below – Bearish

200 DMA ₹2,133 Price above – Bullish

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 ₹2,500 Minor support from recent lows

Support 2 ₹2,350 Stronger base near prior consolidation

Resistance 1 ₹2,685 50 DMA – key resistance

Resistance 2 ₹2,900–₹3,000 Psychological and historical resistance zone

📍 Entry & Exit Zones

Optimal Entry: ₹2,500–₹2,550 (if RSI dips below 40 and MACD flattens)

Exit Target: ₹2,685–₹2,900 (if reversal confirms with RSI > 50 and MACD crossover)

📊 Bollinger Bands Insight

Price is likely near the lower band, suggesting oversold conditions and potential for a bounce.

Bands are widening, indicating increased volatility.

🔍 Chart Pattern Insight

No clear bullish reversal pattern yet.

Price action suggests a retracement from the 52-week high of ₹3,538.

Watch for trendline resistance near ₹2,685.

🧭 Summary

Technical Bias: Neutral to Bearish

Momentum: Weak, but stabilizing

Trend: Reversing from highs

Suggested Strategy: Wait for confirmation of reversal before entering. Ideal for short-term swing if support holds and indicators improve.

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