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
Open:263.05
High:267.8
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
Low:260.8
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)

Disclosure/Disclaimer


1 comments:

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

    ReplyDelete

Thanks for giving your valuable inputs, TRENDGURUS

OUR EXPERTISE

We provide expert in our field. Over 8+ years of experience we will ensure that you are always getting good guidance from the top people in the industry.

Thought of the day

"The man who has minted money with both hands in the Indian stock market says wealth is important but is not the source of all happiness.", Rakesh Jhunjhuwala

Latest Updates

By Using this website\Blog, you agree to the Disclaimer provided at Disclaimer -|- Designed by Tritan Solutions Pvt. Ltd -|- Copyright © 2019 -|- All rights reserved