varun_devadiga

Channel Breakout in Genuspower

Long
varun_devadiga Updated   
NSE:GENUSPOWER   GENUS POWER INFRA
In a Weekly Chart of Genus Power Infra there was a possible Channel Breakout with a good volume. 93 price was the high in the year 2008, currently stock at 105 which already broke 93 Price level and tomorrow if it closes above that level then there is high chance price can reach 184 range. Already there was huge volume at breakout there is high chances of price would close that level. If Price comes around 98 it is a good chance to buy or to do average. 85 Looks strong support, So stop-loss would be below 85 Price Level. It is Purely Technical Call, Do your own analysis before investment.
Comment:
Correction:
It was not in a weekly Chart, It is in a Monthly Chart.

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