Great Eastern Shipping – Technical Analysis, Short Analysis

The stock

has shown a strong recovery from the ₹1270–1300 zone and formed higher highs and higher lows since August 2026. However, the stock faced selling pressure near ₹1630–1650 and closed at ₹1540.50 down 3.74%. This sharp decline indicates profit booking and short-term weakness after the recent rally. Support & Resistance: Immediate support is around ₹1535–1500. If the stock breaks below this zone the next support may be near ₹1480–1450. On the upside, ₹1580–1600 is the immediate resistance zone followed by ₹1630–1650. Short-Term Buyers & Holders View: Fresh buying should be considered only after the stock stabilises and reclaims ₹1600 with strong volume. A sustained move above ₹1650 may strengthen the bullish momentum. Existing holders should monitor the ₹1500 support zone as a breakdown may lead to further correction.