wildwildmoney

Gennex Labs - Penny Stock - Buying Opportunity

Long
BSE:GENNEX   GENNEX LABORATORIES LTD
745 views
2
Been tracking this pharma company since 2014 when it was trading at levels around Re.1
Since it being a penny stock it is difficult to apply technical analysis due to variety of reasons.
However, the yearly support trendline is now making sense and provides an opportunity to buy it at current levels.

Does it have a potential to be a multibagger - Who knows ? But currently there is a trading opportunity that i believe is worth the risk.

Trade Strategy :
Buy : 6.35
Target : 11.35
Stop Loss : 3.90

Risk to Reward - 2:1

Trade Safe !!!
Trade closed: stop reached

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out