Genesys Trying to breakout from Consolidation

Jan 20

Stock: Genesys Intl Corp Ltd (GENESYS)

1. Entry: ₹1,055.35 (after a closing above this level for confirmation)
   
2. Stop Loss: ₹919.70 (on a closing basis)
   
3. Target: ₹1,230.85
   

Setup Overview:

Pattern: Trying to Breakout from a consolidation zone.
Volume: Moderate, confirming a breakout attempt, but needs more conviction.

Key Levels:
Entry after a confirmed close above ₹1,055.35 for safe traders.
Target: ₹1,230.85

Risk Considerations:

Trading against the broader trend; breakout setups in such cases have a higher failure probability.
Manage risk with appropriate position sizing.
Trade light to mitigate potential losses.

Jan 30

Order cancelled

Trade not active. Fell out of base. Could be a potential stage 4. Avoid