Genus Power Ltd view for Intraday 6th Dec #GENUSPOWER Genus Power Ltd view for Intraday 6th Dec #GENUSPOWER
Resistance 444-445. Watching above 445 for upside movement...
Support area 435 Below 439 ignoring upside momentum for intraday
Support 435 Watching below 434 for downside movement...
Resistance area 444-445
Above 439 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
GENUSPOWER trade ideas
GENUS POWER INFRASTRUCTURE LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Genus Power Infra: Bullish Breakout – Buy now for higher targets🔍 Technical Analysis: NSE:GENUSPOWER (NSE: GENUSPOWER)
1️⃣ Overview:
📈 Current Market Price (CMP): ₹430.15 (+2.26%)
🗓️ Date & Time: As of 15:25 (UTC+5:30)
🕹️ Chart Analysis: Daily (1D)
2️⃣ Technical Indicators Overview:
📊 Moving Averages:
🟢 50-Day EMA: ₹399.89, currently acting as a support zone.
🔵 200-Day EMA: ₹332.71, indicating the longer-term trend remains positive.
📦 Volume Profile: Strong demand visible between ₹360-₹380, suggesting robust buying interest at lower levels.
📈 MACD: Bullish crossover with the MACD line above the signal line, implying momentum is still positive.
MACD Line: 3.76
Signal Line: 1.04
Histogram: 📈 Positive, indicating rising momentum.
📉 Williams %R (14): At -5.59, signaling overbought conditions, which might result in a short-term pullback.
💹 Stochastic RSI (14, 3): At 100, indicating strong bullish momentum, though caution is advised as overbought zones can precede minor corrections.
🟣 Parabolic SAR: Positioned below the price, supporting the ongoing uptrend.
3️⃣ Fibonacci Retracement Levels:
The stock is retracing from the swing high of ₹451.55 to the swing low of ₹351.05.
📐 38.2% Retracement: ₹399.30 – Strong support.
📐 50% Retracement: ₹414.05 – Intermediate resistance.
📐 61.8% Retracement: ₹428.80 – Currently breached, signaling bullish strength.
📐 78.6% Retracement: ₹442.80 – Next resistance level to watch .
4️⃣ Rationale for Buy:
🚀 Breakout above 61.8% Fibonacci Level: The breach above ₹428.80 indicates a potential continuation of the upward move.
🔥 Bullish Momentum: MACD crossover, Stochastic RSI in overbought territory, and Parabolic SAR below the price all point to a continuation of the bullish trend.
📈 Volume Surge: Increased volume activity supports the bullish move, suggesting robust buying interest.
📦 Demand Zone: The significant demand between ₹360-₹380 acts as a strong base, providing a good risk-reward opportunity for entry.
5️⃣ Recommendation:
🔔 Action: Buy
🎯 Target 1: ₹442.80 (78.6% Fibonacci Level)
🎯 Target 2: ₹451.55 (Recent Swing High)
🛑 Stop Loss: ₹414.05 (50% Fibonacci Level) to protect against downside risk.
6️⃣ Risk Management:
📥 Entry Strategy: Consider entering near the current price or on minor pullbacks towards the 61.8% retracement level (₹428.80).
⚖️ Risk-to-Reward Ratio: The trade setup offers a favorable risk-to-reward ratio of at least 1:2 based on defined targets and stop-loss levels.
⚠️ Disclaimer:
This analysis is based on technical indicators and market patterns and is intended for educational purposes. Market conditions may change, and this is not investment advice. Please conduct your own research or consult a financial advisor before making trading decisions.
#GenusPower 🚀 #TechnicalAnalysis 📊 #StockMarket 📈 #FibonacciLevels 📐 #SwingTrading 💹 #MACD 🔵 #StochasticRSI 💠 #VolumeProfile 📦 #BuyRecommendation 🛒 #IndianStocks 🇮🇳 #NSE 📉 #FinogentSolutions 💼
GENUSPOWER- Bullish Breakout and Strong Volume Support
Bullish Breakout Above Resistance: The stock has broken above a significant resistance level at ₹389.10, indicating a bullish trend.
Range Trading Since July: The stock had been trading within a range from July, between ₹343.70 and ₹389.10, before the breakout.
Strong Volume Support: The recent breakout is supported by good volume, adding strength to the bullish move.
Positive RSI: The Relative Strength Index (RSI) is above 50, suggesting continued momentum in the upward direction.
#genus power ready for next leg of rally?Genus power after breaking out in May 2023 has moved around 164% in a span of 1 year. Then corrected around 26% and once again it has started moving up. This week it tested a strong fib resistance level of 338 and if this or next week manages to sustain above this number then it can try to touch 1) 366 2) 387 3)398 4)413(imp level) 5)443 6) 463 7) 490(imp level). Since my proprietary indicator is telling me that there can be some sort of pullback so I would like to wait for it to initiate long or take small qty once it close above 338 and add more once it starts moving up or comes down to 274 level. Once it will start moving up I would like to trail it for higher targets till 577.
REVERSAL STOCK 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 ..
Genus Power Infrastructures LtdGenus Power Infrastructures Ltd
C&H Formation on Monthly Basis.
Supported by Strong Price Break-Out / Volume Break-Out (Sustained)
Do Your Own Research as Well. This is Just an Opinion.
Your Opinion may Differ and is Respected.
Fundamentally Good Company.
Profit Making. Into Metering and Metering Solutions.
With Power Reforms / EV Charging Infra Gaining Traction / Roof-top Solar / Solar Parks - Demand for company's product will increase.
Happy Investing :)
GENUS POWER 🎯100. 1:5 RR PLAY 🔥📈NSE:GENUSPOWER is moving in 2 patterns: A parallel channel and an expanding channel pattern, with the latter being the bigger pattern.
Price did breakout out from the channel 2 times but witnessed big selling pressure, leading to formation of the expanding channel pattern.
C.M.P is running near the trendline support and the resistance of the parallel channel.
Risky traders can enter now at 70-71 levels, placing stop loss below the trendline and go for a 5:1 RR play. (Add more quantity if price takes one more support from trendline.)
Safe traders wait for price to breakout of the parallel channel pattern and enter, adding more quantity after retrace.
Targets: 80/95/100+
Sl: below 63
BEWARE OUR ANALYSIS CAN ALWAYS GO WRONG. A BREAKDOWN CAN ALSO HAPPEN, HENCE THE STOPLOSS.
TIP: Follow stoploss on closing basis instead of open market hours.
Position size accordingly. HAPPY TRADING!
37% move?Genus has fallen sharply and now it has found some support in the lower channel with a small move up..let us hope ( we can only play with PROBABILITIES) it moves up and if it does then the move shown can be achieved. Genus is a small cap so play it carefully, i would put my SL just below the 200 EMA...a safe place. This is an idea, not a recommendation.