GENUS POWER

Can I en­ter Genus Power at the cur­rent lev­els al­though mar­ket is slid­ing? - Shashank Shekhar

Flash News Investment - - YOUR TECHNICAL PORTFOLIO GUIDE -

BUY GENUS POWER ABOVE RS 57

Genus Power is cur­rently trad­ing at Rs 53.30. Its 52-week high/low stand at Rs 58.70/32.70 made on Au­gust 29, 2017 and Novem­ber 22, 2016, re­spec­tively. Con­sid­er­ing the weekly time frame, the stock has formed kind of in­verse head & shoul­ders pat­tern, though on the up­side. The stock has at­tempted a break­out near to Rs 53.50 level, but it could not sus­tain on a clos­ing ba­sis. Re­cently, the stock has wit­nessed rise in vol­umes and the 14-pe­riod RSI is also quot­ing at 60, which sug­gests mo­men­tum go­ing for­ward. Hence, we sug­gest you to buy the stock but above the level of Rs 57 on a clos­ing ba­sis for con­fir­ma­tion of up­side.

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