Markets might me correcting from this point by looking at current scenario. Adding some Quantity at Rs. 900 at trendline support & will be adding other at Rs 800 & 700 if the price corrects till that price. Total order book now stands at Rs1450 cr.
it is going to retrace to a major moving averages (or) it should form a longer base. higher volume during this fall. seems some big investor exiting. however on weekly time frame it is extended by 50% 20WMA. mean reversion in progress. one can look for 950 levels.
Breakout in Gensol Engineering Ltd with very high volume...
it is looking good on daily chart. after rallying 50% from low, it is holding 10EMA well. it may witness next leg of rally.
Gensol engineering is in solar business its a O & M , provides consultancy in solar and takes EPC projects. fundamental seems ok, low dept to equity ratio , profit loss is a low but cash flow is good. Stock is already given 700 % return in last two years. " Post is for education view"