1 Indian Share Market Tip - GE Shipping Company Ltd

Great Eastern Shipping Company Ltd.
Last Trade price:262.20
Market Cap :3993.04
Face Value :10
52 Weeks High Low:285.40-182.55
Average 30 days:258.94
Resistance 1 :266.40
Resistance 2 :270.60
Resistance 3 :273.40
% Change:-0.61
Volume :89864
Market Lot :1
Days Range :267.8-260.8
Prv Close:263.8
Average 50 days:254.96
Support 1 :259.40
Support 2 :256.60
Support 3 :252.40

Company declared its results on 9th August 2012 with consolidated net profit rose by 11% year-on-year to Rs 181 crore in the quarter ended June 2012. Consolidated total income from operations went up by 17.8% to Rs 807 crore from Rs 685 crore during the same period.The company has reported a forex gain of Rs 77 crore as against Rs 9 crore YoY.

The stock has been moving in a narrow range despite broader market volatility in recent past and a breakout is awaited. It still trades above important moving averages indicating uptrend and a close above 270 levels may take it higher towards 284 soon.

we recommend to Buy GESHIP (Spot) in the range of 255-260 with a stoploss of 253 for a target of RS 284,305 (8-10 TRADING SESSIONS)



  1. GESHIP call executed and closed at CMP 263. Please keep strict stop loss and will trail for targets.


Thanks for giving your valuable inputs, TRENDGURUS


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