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* On an hourly scale, the stock has given a breakout of its range bound movement which shows further upside movement can be seen in the counter.
* Additionally, the stock has been sustaining above its 50 Hourly Exponential Moving Average which shows a positive move in the counter.
* On a daily scale, the stock has given a breakout of its falling trend line which suggests a robust upside movement in the counter.
* A daily momentum indicator RSI reading is at 37.74 level with a positive crossover which points out for a positive breath in the stock.
* Based on the above technical structure, we are expecting an upside movement in the counter in few trading sessions.
Buy The Great Eastern Shipping Ltd @ 254 SL 245.50 TGT 270
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