Bullish on GE Shipping
Fundamental Reasons to buy:
->Exports on boom.
->Government set exports target of $400 billion.
Technical reasons to buy:
-> For the last 3 weeks it's consolidating in 350-370 range.
-> Entry after decisive closing above 375-378 range.
Recent bulk transactions:
25 Aug, 2021ACQUISITION - MARKET
ICICI Prudential Mutual Fund Acquisition
Qty: 715191
% Traded: 0.49
Post Tnx Hold: 7.47%
Short term/momentum traders can look for booking profits in 410-425 range.
Medium to long term traders may wait till 490-510 levels.
->Exports on boom.
->Government set exports target of $400 billion.
Technical reasons to buy:
-> For the last 3 weeks it's consolidating in 350-370 range.
-> Entry after decisive closing above 375-378 range.
Recent bulk transactions:
25 Aug, 2021ACQUISITION - MARKET
ICICI Prudential Mutual Fund Acquisition
Qty: 715191
% Traded: 0.49
Post Tnx Hold: 7.47%
Short term/momentum traders can look for booking profits in 410-425 range.
Medium to long term traders may wait till 490-510 levels.
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