raj_shah_

GE POWER INDIA - Trend UP, VIEW BULLISH

Long
NSE:GEPIL   GE POWER INDIA LTD
This stock has moved out of the consolidation phase after 8-12 months. And it's all time high is around 1000, hence a good swing opportunity at current levels.
The 3 Green lines indicates the next possible resistances ( as well as the targets ). While the 3 orange lines would act as the support levels for the stock. EMA crossover also visible.
This stock has already shown a great retest after a breakout at 314 and it has bounced back from it strongly. Still a good opportunity to add in dips.
The Next positive for the Stock is that it's results and dividend declaration ( if any ) to be declared by the company on 22nd June. Plus the company has recently bagged order of 125 CR from top 3 companies.
It's a No debt company with good fundamentals, hence one can look as an investment opportunity also.
It has a history of bouncing back from 300 levels to 800 levels.
Hence a plan your trades accordingly.

Do consult your financial advisor before buying.
And I am open to suggestions and improvisations if any.

Comments

Whats timeline for T2, T3
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raj_shah_ AnilChadda
@AnilChadda,
Hey !
Target 2 was touched today itself - 368.
And According to my analysis target 3 should not take more than 1-2 months as the stock is in great strong momentum with heavy volumes :)
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