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Price and trend forecast of GESHIP for Tomorrow, Weekly, Monthly

The Great Eastern Shipping Company Limited

Symbol: NSE:GESHIP

ISIN: INE017A01032

997.10

As on 2024-04-16

625.55 (52W Low) 1,071.95 (52W High)

GESHIP's Today's Performance

The Great Eastern Shipping Company Limited started the day by opening at 954.00 today 2024-04-16. Its shares reached a high of 999.90 and dipped to a low of 946.25 in intraday. When the markets closed, GESHIP’s stock price settled at ₹997.10 per share. Also check out its key support and resistance levels.

GESHIP Buy/Sell Targets

Tomorrow, buy GESHIP when its price reaches ₹ 997.10 with a stop-loss order at ₹ 974.78. You can set the target price as ₹ 1,019.43 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of GESHIP for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for GESHIP

Resistance Levels Value in ₹
Tomorrow Resistance 1 1,016
Tomorrow Resistance 2 1,035
Tomorrow Resistance 3 1,070

Important Supports for GESHIP

Support Levels Value in ₹
Tomorrow Support 1 962
Tomorrow Support 2 927
Tomorrow Support 3 909
Based on where the stock opens tomorrow, if GESHIP opens on a positive note, our first target will be ₹1,016. If Target 1 is achieved, we will aim for Target 2 which is ₹1,035.

But if GESHIP falls below the average value of ₹981.08, you can enter a sell side position with target number 1 - ₹962 and second target - ₹927 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of GESHIP

Looking at GESHIP, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, GESHIP has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for GESHIP is moderate bearish.

Tomorrow's Volume based share price Forecast for GESHIP

GESHIP's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -9%.

Reversal detection for GESHIP

Predicted trend chart of GESHIP tomorrow for price forecast
GESHIP may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹947 in morning tomorrow
Target 1 tomorrow1002
Target 2 tomorrow1014
Target 3 tomorrow1035
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with GESHIP's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if GESHIP opens on a positive note, our first target will be ₹1,015.92. If Target 1 is achieved, we will aim for Target 2 which is ₹1,034.73.

But if GESHIP falls below the average value of ₹981.08, you can enter a sell side position with target number 1 - ₹962.27 and second target - ₹927.43

GESHIP's Weekly Targets
1st Up Target 1,024.32
2nd Up Target 1,051.53
1st Down Target 945.47
2nd Down Target 893.83

As the week for GESHIP ended on bullish sentiments, we can expect further continuation of this sentiment. GESHIP's initial target will be 1,024.32 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 945.47 in the upcoming week.

Weekly OHLC Values
Open 941.10
High 999.90
Low 921.05
Close 997.10

Week for GESHIP started with an open price of 941.10, and the close was at 997.10. GESHIP reached the highest of 999.90 and dipped lowest up to 921.05 last week. This indicates a bullish sentiment for the week.

GESHIP full month swing targets
Monthly Up Target 1 1,103.17
Monthly Up Target 2 1,130.38
Monthly Down Target 1 866.62
Monthly Down Target 2 736.13

Targets of ₹1,103.17 can be expected to be reached in the coming month. Once GESHIP achieved this target, we can aim for the next upside target of ₹1,130.38.

GESHIP if fails to hold upside, down targets of ₹866.62 and ₹736.13 can be achieved by end of this month.

For complete three weeks if GESHIP is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as GESHIP

Symbol Name Industry
LT Larsen & Toubro Limited Engineering & Construction
ADANIPORTS Adani Ports and Special Economic Zone Limited Marine Shipping
HAL Hindustan Aeronautics Limited Aerospace & Defense
SIEMENS Siemens Limited Specialty Industrial Machinery
BEL Bharat Electronics Limited Aerospace & Defense

Summary

GESHIP is expected to reach the target of 1,015.92 in tomorrow's trading session.

After achieving the initial target in GESHIP, we will aim for higher targets of 1,034.73 tomorrow.

However, if GESHIP starts to trade below ₹981.08, then we will shift our focus to the sell side and aim for down targets of 962.27 and 927.43.