GRSE: Multi-year breakout from ascending Channel(Monthly Chart)
Garden Reach Ship builders got listed in the month of Oct'18. It had entered a consolidation phase in Sep' 2019 which lasted for 4 long years.The scrip broke out of consolidation in the month of Aug'22 and has since more than doubled.
The stock has been continuously rising and has also broken out of an ascending channel in the ongoing month of Aug'23.
Three expected targets are assigned in the chart.
The stock has been continuously rising and has also broken out of an ascending channel in the ongoing month of Aug'23.
Three expected targets are assigned in the chart.
Komentarz:
Target 1 achieved!