GENUSPOWER trade ideas
Short term stock to buy-GenuspowerStock has been analyzed based on my trendline analysis. Please note that levels given are for training and educational purpose only. Please do consult your financial advisor before investing in the stock
Bullish Channel Breakout: Genus Power Sustaining Above 480Details:
Asset: Genus Power Infrastructures Ltd (GENUSPOWER)
Breakout Level: Sustaining above 480
Potential Target: 550-600
Stop Loss: Below 480 or as per risk tolerance
Timeframe: Short to medium-term
Rationale: Genus Power Infrastructures Ltd (GENUSPOWER) has sustained a breakout above 480 after a channel breakout and is now undergoing a retest. If the stock continues to hold above 480, it could potentially move towards the 550-600 range, indicating a strong bullish momentum.
Market Analysis:
Technical Breakout: The breakout above 480 and subsequent retest suggest a strong continuation of the uptrend, with the potential to reach 550-600.
Retest Phase: The retest of the breakout level is a crucial phase where the stock confirms its strength, making it a key area to watch for further upward movement.
Price Target:
The targets for GENUSPOWER are set at 550 and 600, based on the measured move following the channel breakout and successful retest.
Risk Management:
Implementing a stop loss strategy below 480 is essential to manage risk in case of unexpected price reversals.
Timeframe:
The projected move towards 550-600 is based on a short to medium-term outlook, but actual timing may vary based on market conditions.
Risk-Reward Ratio: Consider individual risk tolerance and adjust position size accordingly to maintain a favorable risk-reward ratio.
As with any investment opportunity, conduct thorough analysis and consider factors such as market trends, company fundamentals, and risk management strategies before making trading decisions.
Genus Power | NCT | 22540 Cr CAPEXThe National Committee for Transmission (NCT) has recommended transmission projects worth ₹22,540 crore for the Ministry of Power's approval, marking a significant push towards enhancing India's power infrastructure.
Genus Power known for manufacturing and supplying power infrastructure equipment, including meters and other electrical components. Genus could potentially benefit from new transmission project. It has a growing presence in power distribution and transmission solutions.
Technical chart of Genus also formed VCP pattern and BO nicely after each resistance faced. Still upsides potential up to 30% is there.
Please study thoroughly to get into any trade.
GENUSPOWER GENUSPOWER (Daily)
CMP 403
Stock breakout from consolidating zone
breakout above previous resistance zone with volume
GENUSPOWER - VCP ANOTHER TIGHT SQUEEZE NI PROGRESS (4T SETUP)Genus Power is experiencing one more contraction & might go down to levels of 295-300 levels before buying starts.
That would form a complete 4T VCP footprint setup.
As can be seen vol has also decreased
Genus Power CnH BOGenus Power CMP 355.95 showing a CnH BO bt vol is still low. If that support comes then price can zoom to 415/480 SL 320
Horizontal line breakouthorizontal line breakout with runway gap supported by volume
Stoploss DCB 342
Genus Power Infrastructures Ltd: Cup & Handle PatternGenus Power Infrastructures Ltd: Cup & Handle Pattern
68 % upside potential
Low volume activity in handle.
Levels mentioned on chart & given targets seems achievable.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading(:)
GENUSPOWER - DETAILED VCP PATTERN EXPLAINEDThis is a detail explanation of the VCP pattern formed in GenusPower
It involves the technical footprint with Time, Price and Symmetry
GENUSPOWER - A CLEAR VCP PATTERN (3T FOOTPRINT)Tightness in price from absolute highs to lows & tight closes with little change in price from one day to the next & also from one week to the next are very constructive
Any breakout from the upper horizontal line could push the stock upward
Buy Genuspower for a target of 400Buy Genuspower for a target of 400 in 2-3 months, has taken support from strong reversal zone
Buy Call on Genus Power InfraThe Genus Power Infra has given a clear breakout of bollinger band on daily time frame and volume is increasing. The next resistance would be around 341. So, Buy Genus Power Infra at 302 to 305 for the target of 341.
Happy Trading!!!
Disclaimer:- This is my personal opinion. One must analyze their risk appetite and get advise from their financial Advisor
GENUSPOWER bullish; above 292 ? - Monday 5th Feb.The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buy in hope of another 2% upmove intraday.
"High Risk Traders" patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
Genus Power IndraCMP: 291.55
Strong recent earnings growth: The company has seen an impressive profit growth of 35.49% in the last year and 51.6% over the past two years.
High future earnings forecast: Analysts predict Genuspower's earnings to grow by 53.28% per year in the coming years.
Stable share price: The stock has shown relatively low volatility in the past few months.
Outperformed industry and market: Genuspower's returns have exceeded both the Indian Electronic industry and the broader Indian market in the past year
Genus Power Infrastructures - Long Setup, Move is ON...#GENUSPOWER trading above Resistance of 278
Next Resistance is at 324
Support is at 227
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
GENUSPOWER - BUY ACTIVE GENUSPOWER - BUY ACTIVE
Formed Flag pattern and broken recent days , if its sustain we can see big move upside.
Genus Power Infrastructures - Long Setup, Move is ON...#GENUSPOWER trading above Resistance of 205
Next Resistance is at 278
Support is at 131.25
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Genus power simple break outGenus power was broken a important support levels and a good gap between Last candle and also it will retest gap what ever happened in stock market😄
Breakout StockThe stock has seen long run up and after consolidation ready for next leg of rally, short hurdel at 288, once this crossed, the 350 and 400 level can be seen.
Genus PowerFlag & Pole Breakout
Taken support at 20 DEMA.
RS above Zero.
RSI and ADX positive.
Entry above 273.
PT - 489
SL - 235
LongExpecting good move this year , depending market conditions targets may go up to 300,350
Dips will be bought till 214
Pole and flag breakout
Retest in progress
This is for education purpose only make ur decision by urself
