Comments
The stock of Great Eastern Shipping broke out of the range on Monday after consolidating between ₹670 and ₹705. The outlook for the stock has turned bullish. Although it had ended flat on Wednesday despite the intraday volatility, the price action on the daily chart suggests a rally on Thursday. Traders can consider this stock for intraday positions.
We recommend going long on the scrip at the current level of ₹720.5 with a stop-loss at ₹705. Exit when the stock hits ₹730. Note that this is an intraday trade recommendation and so, if either of target or stop-loss is not triggered, liquidate by the end of the day.
(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.