Here it comes a stock that has shown a very good rally and then pullback is now seems ready for the reversal from here ...
Stock : Genus power
Cmp 235
Support around 200-220
SL can be placed below 200 weekly closing
TGT 280-320-350++
Some points to focus :
🔗 Promoter selling while the same bought by the FII that increased their holdings to around 17% from 2% earlier..
👎 Pledge holdings to around 60% also high p/e ratio due to its recent rally ..
But to be true it seems a buy opportunity for me as the stock has high potential which is backed by its chart pattern .. Chart always has been superior to me ..
Note: The mentioned idea is just for educational purpose and not any personal recommendation to buy or sell the stock mentioned in the learning.. Do your own research and then decide ..
Stock : Genus power
Cmp 235
Support around 200-220
SL can be placed below 200 weekly closing
TGT 280-320-350++
Some points to focus :
🔗 Promoter selling while the same bought by the FII that increased their holdings to around 17% from 2% earlier..
👎 Pledge holdings to around 60% also high p/e ratio due to its recent rally ..
But to be true it seems a buy opportunity for me as the stock has high potential which is backed by its chart pattern .. Chart always has been superior to me ..
Note: The mentioned idea is just for educational purpose and not any personal recommendation to buy or sell the stock mentioned in the learning.. Do your own research and then decide ..