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Garden Reach Shipbuilders & Engineers Limited (GRSE) — Technical Setup
₹2,046.80 +5.30% Strong Downtrend Normal Volatility Bearish
Summary
Garden Reach Shipbuilders & Engineers Limited is in a strong downtrend on the daily chart, with the weekly trend bearish and the monthly trend bearish. RSI(14) is 46.4, MACD is above its signal line, ADX reads 40 (trending). The stock trades 18.1% below its 200-day average and 38.7% below its 52-week high. Volume in the latest session was 2.1× its 20-day average. Over three months it has underperformed the Nifty 50 by 17.4 percentage points. Nearest support is ₹1,981.85 and resistance ₹2,172.70. Its technical score is 38/100 (bearish).
🧮 How the 38/100 is built
Five components, 20 points each. Every rule is shown with the points it earned — the score describes the chart as it stands today; it is not a prediction.
- Close above 20-day EMA (0.32)3/3
- 20-day EMA above 50-day EMA0/3
- 50-day EMA above 200-day EMA0/3
- Close above 200-day SMA (-18.15)0/3
- SuperTrend (10,3) pointing up0/3
- ADX ≥ 20 with +DI above −DI (trend has strength) (39.89)0/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (46.35)2/6
- MACD line above its signal line4/4
- MACD line above zero (-93.73)0/3
- 12-day rate of change positive (-4.40)0/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (-17.45)0/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.08)0/5
- More volume on up days than down days (20 sessions) (1.59)5/5
- Close above 20-day VWAP (2.34)5/5
- Daily range (ATR%) contained — ≤2.5% scores full (3.94)4/6
- Price in the upper half of its Bollinger Bands (0.55)5/5
- Shallow drawdown from the 52-week high (-38.70)0/5
- Volatility contracting (20-day volatility below its 6-month median) (83.20)0/4
- Room to the next resistance (≥8% scores full) (6.15)3/5
- Support close below (a tight, definable stop) (3.17)5/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-38.70)0/5
🧭 Regime: Strong Downtrend
Normal Volatility — Bollinger width is in the 66th percentile of the last six months.
Suits: Avoid longs / trend-following shorts. A strong downtrend: rallies are usually sold. Long setups need a completed reversal pattern first.
Classified from ADX, the 20/50-day EMA stack and price's distance from the 50-day average; volatility from band-width and ATR expansion.
Opens the AI Backtester with the SuperTrend (10,3) rules for GRSE — supertrend (10,3) flips to an uptrend.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | ▼ Bearish | 54.51 | -111.63 |
| Weekly | ▼ Bearish | 37.02 | -61.40 |
| Daily | ▼ Bearish | 46.35 | 11.51 |
Weekly: close vs a rising 30-week average (Weinstein). Monthly: close vs the 10-month average. Weekly SuperTrend: Bearish, weekly ADX 23.33.
📶 Volume & VWAP
VWAPs are computed from daily bars (typical price × volume), not intraday ticks. Price fell over 20 sessions while OBV rose (bullish price-volume divergence).
💪 Relative strength
GRSE ÷ Nifty 50, rebased to 100 a year ago. Rising = outperforming.
🧱 Support & resistance
Clustered swing highs and lows from the last year; “touches” is how many swings formed the level.
| Level | Price | Distance | Touches |
|---|---|---|---|
| Resistance | ₹2,541.75 | +24.2% | 14 |
| Resistance | ₹2,389.25 | +16.7% | 2 |
| Resistance | ₹2,295.00 | +12.1% | 2 |
| Resistance | ₹2,172.70 | +6.2% | 3 |
| Close | ₹2,046.80 | — | |
| Support | ₹1,981.85 | −3.2% | 2 |
| Support | ₹1,842.00 | −10.0% | 1 |
52-week range: ₹1,842.00 – ₹3,339.00 (-38.70% from the high).
🌀 Fibonacci
Measuring the down-swing from ₹3,130.00 (2026-05-07) to ₹1,842.00 (2026-10-26). Price has retraced 15.9% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹2,145.97 | +4.8% | nearest |
| 38.2% retracement | ₹2,334.02 | +14.0% | |
| 50.0% retracement | ₹2,486.00 | +21.5% | |
| 61.8% retracement | ₹2,637.98 | +28.9% | |
| 78.6% retracement | ₹2,854.37 | +39.5% | |
| 127.2% extension | ₹1,491.66 | -27.1% | |
| 161.8% extension | ₹1,046.02 | -48.9% | |
| 200.0% extension | ₹554.00 | -72.9% |
🕯️ Candlesticks (last 5 sessions)
- Tweezer Bottom 2026-11-02 bullish Strong · 90
Quality combines the pattern's reliability with its context: prior trend, volume, a support/resistance level and RSI.
↗️ Divergences
- MACD histogram bullish 2026-10-09 → 2026-10-26₹2,000.00 → ₹1,842.00
- MFI(14) bullish 2026-10-09 → 2026-10-26₹2,000.00 → ₹1,842.00
- Stochastic %K bullish 2026-10-09 → 2026-10-26₹2,000.00 → ₹1,842.00
📐 Chart pattern
- Falling Wedge weeklyforming
✅ Screens GRSE passes today
| Stock | Close | Chg | Score | Trend regime | RS rating (1-99) |
|---|---|---|---|---|---|
| HALHindustan Aeronautics Limited | ₹4,855.00 | +0.03% | 78 | Range | 74.00 |
| ZENTECZen Technologies Limited | ₹1,720.60 | +8.32% | 75 | Range | 80.00 |
| KRISHNADEFKrishna Defence and Allied Industries Limited | ₹1,231.60 | +1.48% | 70 | Uptrend | 84.00 |
| CENTUMCentum Electronics Limited | ₹4,143.80 | +3.78% | 50 | Uptrend | 93.00 |
| SWANDEFSwan Defence and Heavy Industries Limited | ₹2,723.70 | +3.52% | 46 | Uptrend | 99.00 |
| BELBharat Electronics Limited | ₹376.50 | +1.78% | 45 | Strong Downtrend | 53.00 |
| PARASParas Defence and Space Technologies Limited | ₹1,214.20 | -2.84% | 44 | Weak Downtrend | 92.00 |
| APOLLOApollo Micro Systems Limited | ₹397.80 | -0.24% | 42 | Range | 89.00 |
| KAVDEFENCEKavveri Defence & Wireless Technologies Limited | ₹80.29 | +4.18% | 37 | Uptrend | 83.00 |
| ROSSTECHRossell Techsys Limited | ₹1,377.60 | +1.26% | 37 | Uptrend | 96.00 |
⚠️ Educational technical analysis computed automatically from end-of-day NSE prices — not investment advice. Flash Finance is not SEBI-registered. Indicators describe what price has done; they do not predict what it will do. Verify levels on a live chart and manage risk before acting.
