Now Get InvestmentGuruIndia.com news on WhatsA'pp. Click Here To Know More
* On an hourly chart, the stock has given a breakout of its falling trendline which shows price may accelerate further.
* On a daily chart, the stock witnessed a surge in the volume activity during trading session which indicates an accentuate buying in the counter.
* Moreover, the stock has started to trade above its 200 Daily Exponential Moving Average which shows an upside rally in the counter.
* A daily momentum indicator RSI reading is at 57.36 level with a positive crossover which points out for a positive breath in the stock.
* Based on the above technical structure, we are expecting an upside movement in the counter in few trading sessions.
Buy The Great Eastern Shipping Company Ltd @ 324.50 Stop Loss 312 Target 350
To Read Complete Report & Disclaimer Click Here
For More choiceindia Disclaimer http://www.choiceindia.com/disclaimer.aspx
Above views are of the author and not of the website kindly read disclaimer