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 and 01 May Stock continue to trade at Life highs with the debacle on Mid and Small Caps stocks we have seen in last few months.
There were some good announcement by BSE Exchange , As we always say Price knows well in advance and we were able to capitalize on the rally.
Into yesterday’s 7th Sept special session held by Bombay Stock Exchange BSE formed in 1875 and SEBI along with S&P Dow Jones have upgraded Generic Engg into:
GENERIC ENGINEERING & CONSTRUCTION ENTERS :
- BSE INDUSTRIALS INDEX
- BSE ALLCAP INDEX
- BSE SMALLCAP INDEX
- BSE MIDSMALLCAP INDEX
Please refer and find from the link
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.
Breakout can be seen above 339 for a move of 38/76 points move
Initial Target calculation 339+38 = 377
I have drawn the planetary line between Sun and Mercury as seen in below chart, Stock has been respecting these line and breakout can be seen above 336 for a move towards 377/400.
Remember the Golden Technical Rule Ride the Trend till it bends. Stock is Listed on BSE and Ticker is GENCON.
Fresh Long in Range 336-339 Target 343/377/400 SL should be kept at 310 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.