GENNEX LAB - PENNY STOCK TRADECMP 13.10
Add on dips till 11.25
SL CLB 10.50
Tgt 18
Limt your exposure
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Regards,
Naresh G
SEBI Reg. RA
GENNEX trade ideas
Gennex Labs: Cup With Handle FormationMight form a cup with handle formation and expect a breakout soon.
Long Term Analysis. PENNY STOCK
MACD divergence+200Ema support.
Fib demanding Bullish close,PE Ratio.
Gennex Labs - Penny Stock - Buying OpportunityBeen 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 !!!
