We covered this stock on 10 July 13 July 23 July 06 Sep 07 Jan 14 Jan 18 Feb 04 March 08 April 15 April 01 May and 09 Sep Generic Gave a textbook style breakout and did our initial target and heading for our next target of 377.
Traders also be aware Stock is going for Split on 18 Sep so price will become half and number of Quantity of Shares will double. Please read the below link to get the information.
Weekly/Daily Chart looks very bullish stock is holding to it long term trendline. Stock has been consolidating in 38 points range as seen in below chart.
Generic has given the breakout and waiting for the next target of 377 as per below calculation.
Initial Target calculation 339+38 = 377
Breakout is seen as per Planetary Line heading for target of 377.
Remember the Golden Technical Rule Ride the Trend till it bends. Stock is Listed on BSE and Ticker is GENCON. Updated Levels after Split
Fresh Long in Range 177-179 Target 189/199/211 SL should be kept at 160 on closing basis
The above Stocks is not investment pick as I am not expert in Fundamental analysis but a short term pick for gain of 10-20% purely based on Technical Analysis based on my Studies.Please also do your own study before trading this stock and trade in small quantity also be strict with Stoploss.Bramesh Bhandari and his family/associates/ analysts would have exposure in the securities mentioned in the above article.