Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
GE T&D Edge Points:
1. Depleting Inventories suggesting demand for its product
2. Consistent improvement in revenue QoQ
3.Reduction in Borrowings
4.Improvement in CASH Holdings
Ge t&d india ltd, has taken support at lower channel trend line, stoploss can be kept below 118 on closing basis, targets will 160...180 +++, holding period 3 to 6 months
GE T&D is the listed entity of GE’s Grid Solutions business in India. It has been in the power transmission and distribution business for more than 100 years and provides a versatile range of solutions for connecting and evacuating power from generation sources onto the grid.
Strengths
Its Hosur plant is the first manufacturing unit in the world to have...
With over 100 years of presence in India, GE T&D India (formerly ALSTOM T&D India Limited) is a leading player in the Power Transmission & Distribution business with a product portfolio ranging from Medium Voltage to Ultra High Voltage (1200 kV) for Power Generation, Utility, Industry and Infrastructure markets. Alstom T&D previously known as Areva T&D India,...
It is making three white soldiers on the weekly chart and results are due for last quarter and is expected to perform better in the same. Volume also increasing consistently on weekly basis.
GET_D - Volume breakout. Entry, SL, Target updated on chart.
These idea's are not my recommendation. Do your own analysis before making any trade based on this idea.
After A Bull Rally Price Retraced 0.618 with low volumes ( shows Sellers dont have strength )
Buy above 71 , 73.2
SL:-67,62(Long term )
Target :-82-87 ( Can Give Bigger Targets Also for long term )
TRAIL YOUR SL .
