Weekly Breakout off consolidation: Feb 8, 2024I talk about many names that could be interesting investments for weeks to come.
G trade ideas
Genpact Momentum Play Ideal Buy Zone RevealedHello Fellow Traders and Friends, Welcome to this exciting analysis! Together, let’s dive into the breakout opportunities, smart strategies, and insights to make the most of Genpact’s bullish momentum. Stay focused, trade wisely, and let’s ride the trend to success! Happy Trading!
Genpact Limited: Analyzing the Multi-Year Breakout
Stock Overview
📊 Ticker: Genpact Limited (NYSE: G)
💲 Current Price (CMP): $54.95
🎯 Breakout Target: $61.38 (+15.01%)
📉 Desired Entry Zone: $46.00 - $48.00
📈 Key Observations from the Weekly Chart-:
🚀 Multi-Year Resistance Breakout
The stock has convincingly broken above its multi-year resistance at $54.95 (blue zone). This breakout represents a key psychological level for traders and investors, often signaling renewed bullish momentum.
The breakout is supported by 📈 increased trading volumes, indicating strong participation from market players.
🛡 Resistance Turned Support-:
Primary Support (🔵 Blue Zone): The breakout level at $54.95 now acts as a breakout retest zone.
Secondary Support (🟢 Green Zone): The $46.00-$48.00 zone, previously a resistance, is now a desired entry zone and a reliable level for safer entries.
🎯 Target Projection-:
The breakout target is $61.38, offering a potential upside of 15.01% from the breakout level. This level is calculated based on prior price action and breakout range.
🔍 In-Depth Technical Analysis-:
1️⃣ The Strength of the Breakout
📌 Significance of Multi-Year Resistance: Breaking above multi-year resistance levels signals a paradigm shift in market sentiment.
📈 Volume Confirmation: Strong buying interest supports the breakout, reducing the likelihood of a false breakout.
2️⃣ The Role of Retest Zones
🔵 Breakout Retest Zone ($54.95): Price action often revisits breakout levels before resuming its upward trend. This provides a great entry point for traders.
🟢 Desired Entry Zone ($46.00-$48.00): A lower support level for those seeking higher risk-to-reward setups.
3️⃣ Risk and Target Alignment
🎯 Target: The projected target is $61.38, reflecting a measured breakout.
⚠ Stop-Loss: Set below $54.00 for breakout entries or below $46.00 for entries in the desired zone to manage risk effectively.
💡 Trading Strategies-:
📥 Entry Strategies
1. Conservative Entry (Low Risk):
Wait for a pullback to the breakout retest zone ($54.95) for confirmation.
2. Aggressive Entry (Higher Risk):
Enter at the current market price (CMP) with a tight stop-loss to ride the bullish momentum.
🔒 Risk Management-:
Stop-Loss Levels:
Place a tight stop-loss below $54.00 for entries near the breakout retest zone.
Use a wider stop-loss below $45.00 for entries near the desired entry zone.
📊 Profit-Taking-:
Gradually scale out of positions as the stock approaches the target of $61.38.
🔄 Adjust Stop-Loss: As the price moves upward, trail your stop-loss to lock in profits.
🌟 Current vs. Alternative Scenarios-:
📌 Current View
Scenario: The stock successfully holds the breakout retest zone at $54.95 and resumes its upward trend toward the target of $61.38.
Action Plan: Enter near $54.95, maintain a bullish bias, and manage risk accordingly.
🔄 Alternative View
Scenario: The price falls below $54.95 and revisits the desired entry zone ($46.00-$48.00).
Action Plan: Look for a safer entry in the green zone. However, if the price dips below $45.00, re-evaluate the bullish setup.
⚠ Risks to Consider-:
📉 Volatility Risk
Weekly breakouts can experience sudden pullbacks due to market conditions.
🕒 Timeframe Risk
Breakouts on higher timeframes may take longer to reach targets, requiring patience.
📊 Conclusion
The multi-year breakout on Genpact's weekly chart represents a golden opportunity for traders. With clearly defined support zones, entry points, and targets, this setup offers a high probability for success when approached with disciplined risk management.
💡 Key Takeaways:
1. 📌 Monitor the $54.95 retest zone for pullback entries.
2. 🟢 Watch the $46.00-$48.00 zone for lower-risk opportunities if a deeper correction occurs.
3. 🔒 Use stop-loss orders to protect your capital.
4. 🎯 Gradually book profits as the price nears the target of $61.38.
By staying patient, disciplined, and adaptable, you can align your trades with the bullish momentum while minimizing risks.
Rest i will update idea accordingly, please boost if you like this publication.
Best regards- Amit.
Genpact Limited Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Genpact Limited Stock Quote
- Double Formation
* Double Bottom Structure | Entry Bias | Subdivision 1
* Numbered Retracement | Long Support
- Triple Formation
* 1st Trendline | Completed Survey | Subdivision 2
* 2nd Trendline | Uptrend Bias & Pattern Confirmation | Subdivision 3
* Daily Time Frame | Trend Settings Condition
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
XAUUSDYOU must know the fundamental analysis of Forex and Gold
before that trade is very dangerous
@gapup69
G to SELL at this LEVELNYSE:G
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All Request Suggestions and Remarks are Welcome
Genpact ShortNYSE:G
Price has fallen out of an ascending wedge & Fib resistance fans.
Already perfectly retested both the wedge and the fib fan.
9EMA < 20EMA, & soon the 20EMA < 50EMA.
I'll add a short to a potential/likely bounce in the upcoming week, as the RSI is already almost oversold.
Downside target is the 50% -61.8% retrace of the post-covid crash run.
Target = $32.5 - $37
Genpact $G with the follow throughAfter a breakout in december 22nd, NYSE:G had a throwback and now is a about to make another buy signal above $54. Also, as the NASDAQ:IXIC made lower lows, Genpact has made higher lows. That's good relative strength, and that's what leaders do.
This year the company reported sustained revenue growth in all of its sectors. According to @TradeStation, GenpactLtd revenues reflect Consumer Goods, Retail,Life Sciences and Healthcare segment increase of 18% to $1.1 B, High Tech, Manufacturing and Services segmentincrease of 3% to $1.08 B. So, very good fundamentals.
The stories that would power up the price could be its recent partnership with HighRadius; an artificial intelligence-powered Order to Cash. And the acquisition of Hoodoo Digital, a digital experience consultancy with deep expertise in Adobe solutions.
Expecting a Breakdown in GI have this one on my calendar today, so I did some dowsing on it and get that it's really going to go down. I think the market could really tank next week (Wed), so that could help this one.
G is trying to hold the daily 200 MA, but I think it's gonna break. It may be up on Monday a bit, but it also is holding the downtrend really well on a daily, so I like it short for sure.
I seem to be a day early in a lot of things, so that might be the case again, but we'll see.
$G is gonna GDFRIdk what this stock is; my pendulum picked it (on 6/16) and I figured out that I need to check on it today. It's already headed down. Usually, when I receive a date and a ticker with price going into that date, it is for a swing high or low.
It's looking like this will pop on Monday? It's the last hour of trade on Friday now. Regardless, sell into any rally I believe is the message as this thing is going to break down.
It doesn't look like it's traded much based on the options, but with enough time even thin options can work out.
I'm going to start journaling the "pendulum picked" more often as they are increasingly offering interesting results, especially with regard to asking about number of days for things. I record these in my calendar for the future, so I know what stock to check on for each upcoming day. It's kind of a new idea that's showing some promise.
I'm also going to ask a message from my intuition with each pick. This one is "go for it". Honestly, I think that's just to encourage me to do these posts. All good!
P.S. expect to feel some more pain in indexes. Having some shorts off any rally is a good idea imo.
G Breakout WatchLast hour had higher than average volume. Watching for a breakout above resistance for an entry.
Genpact Set To Rise Soon?Genpact is the latest stock to flash the Precise Signal. This time it is a buy indicator. Genpact Limited signaled a BUY on March 2 and proceeded to drop lower as expected. It dropped lower than normal, but it is back up near its signal price. The consensus targets are plotted on this chart. Most have the targets above $45. The interesting part is it tends to take longer for the top to be reached for this stock. Right now, it looks like $45 might not be hit until April. Based on the how the market is teetering and I personally opine it will drop much lower soon, the best entry point for this stock may be over a week away. April call options right now are fairly cheap. My guess is they get cheaper over the next week setting up a nice position if everything moves as expected.
The Precise Signal is occurred on the daily chart 5 times for this stock. All 5 so far have resulted in the stock moving up at least 5% from the closing signal price. In this instance, the stock closed at 41.74 on March 2. 5% above this price is $43.82. The stock dropped to $39.32 days after the signal. A move from this low to $43.82 is an 11% gain. A move to $45 from that low would be a gain of 14%.
Like I mentioned, the market is rocky and should continue for a bit. The close on Friday was at 41.41 and I expect it to drop again before charging above $45. Sit back and get ready to pounce on this potential opportunity.
For full analysis check out the article for free at the website in my signature block.
GENPACT LIMITED Post DailyHey people, GENPACT LIMITED is in a bearish fake combination with an upside down hammer candle shape and a continuation on past large purchase volume. By zooming the TIMEFRAME M1 we observed a kind of hammer candle return with a low explosion volume emitted, it came to check its low point. Who is below the low of the bollinger make his reversal of trend to start testing the different points of the bollinger and get to the top of the range.
It is very possible to breakout the price with a possible return of momentum at the same time the zone or to interfere in a new test of the base. And the highest of the bollinger then rise on the high after but no buy on the file due to a sector rotation slowing down wait for a new acceleration.
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G Attractive Long SetupG has had a very strong trend up. It is at a resistance point now, which if it breaks, has a lot of upside until the next resistance point. The bottoming tail of 05/29 makes a good stop loss.
GENPACT: $38.10 Short Target + Long PotentialFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into a few of my insights. Genpact, history-wise been quite strong of a steady growth stock. It recently had a bearish run, but looks like current analyst are giving it buy signals over the resistance. This is why I am expecting it to soon pass the $38.10 price threshold.
Genpact to Acquire Industry-Leading Digital Consultancy, RightpoG: Genpact
2019-10-15 09:15:00
Genpact to Acquire Industry-Leading Digital Consultancy, Rightpoint
G: Sort opportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
Genpact long entry at structure [Just an idea]Hi traders,
I am looking for a long entry on Genpact at the previous structure + trendline.
Entry: $ 25.86
Stop: $ 25.09
Target: $ 27.09 = R:RR 1.6
Updates will follow.
