Genus Power showed tremendous strength in yesterdays correction after a long time. It generally used to crash along with the market. This suggests an informed buying. Participants must be hoping for a spectacular Q4 results. This Rs 278 is a strong resistance for the share. If it decisively surpasses this level, the journey towards its all time high of Rs 340 will begin. At Rs 340 it will form a rounded bottom. The movement above/ below this neckline will be decided by the Q4 results & subsequent market commentary. It has a flat movement for last 6 months barring a small two week period in Feb 24.
from the volume of shares from 8th april,it seems your reading as to reaching previous high of 340 seems to be reality but.... israel action to be watched.
Price when posted : NSE: Rs. 285.05
Genus Power showed tremendous strength in yesterdays correction after a long time. It generally used to crash along with the market. This suggests an informed buying. Participants must be hoping for a spectacular Q4 results. This Rs 278 is a strong resistance for the share. If it decisively surpasses this level, the journey towards its all time high of Rs 340 will begin. At Rs 340 it will form a rounded bottom. The movement above/ below this neckline will be decided by the Q4 results & subsequent market commentary. It has a flat movement for last 6 months barring a small two week period in Feb 24.
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