SWING IDEA - GARDEN REACH SHIP & ENG

21 ก.ย.Garden Reach Shipbuilders & Engineers Ltd., a leading public sector shipyard in India known for building warships and naval vessels, is showing signs of a potential swing trade opportunity.

Reasons are listed below :

• 1700 Zone as Strong Support: The 1700 level has acted as a crucial support zone, reinforcing a solid base for potential upside movement.
  
• Bullish Engulfing Candle on Daily Timeframe: A bullish engulfing candle has formed, indicating increased buying pressure.
  
• Golden Fib Zone: The price is currently bouncing from the golden Fibonacci zone, suggesting potential for further gains.
  
• 100 EMA Support on Daily Timeframe: The stock is well-supported by the 100-day EMA, further solidifying the bullish trend.
  

Target - 2200 // 2510
Stoploss - daily close below 1640


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