GE Shipping has broken out from a critical, long-term resistance level originating from December 2023. The stock is showing strong bullish momentum, confirmed by multiple technical signals.
Key Observations:
Pattern: A double-bottom in April 2025 ended the prior downtrend, leading to a period of consolidation.
Breakout: On Sep 16, 2025, the stock decisively broke above the resistance on high volume.
Confirmation: The breakout was confirmed on Sep 17, as the old resistance successfully held as new support.
Indicators: Bullish EMA crossovers and sustained above-average volume support the move.
Price Outlook:
Upside Target: ₹1283 if the price remains above the breakout level.
Downside Risk: A failure to hold this new support could lead to a decline towards the ₹914 level.
Key Observations:
Pattern: A double-bottom in April 2025 ended the prior downtrend, leading to a period of consolidation.
Breakout: On Sep 16, 2025, the stock decisively broke above the resistance on high volume.
Confirmation: The breakout was confirmed on Sep 17, as the old resistance successfully held as new support.
Indicators: Bullish EMA crossovers and sustained above-average volume support the move.
Price Outlook:
Upside Target: ₹1283 if the price remains above the breakout level.
Downside Risk: A failure to hold this new support could lead to a decline towards the ₹914 level.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.