Stop Loss: Rs 1020
On the daily chart, Great Eastern Shipping Company Ltd has broken out of a Rectangle Pattern, signaling a likely uptrend. To attract more buyers, the stock needs to maintain levels above 1030. Additionally, the Relative Strength Index (RSI) has also broken out, indicating a strong upward movement and potential for further gains. Moreover, the Fast Exponential Moving Average (EMA) of 21 days is trading above the Slow EMA of 34 days, further confirming the positive trend.
(Virat Jagad, Technical Analyst, Bonanza Portfolio)