Gencon did breakout target,Heading towards 200

By | September 23, 2018

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  09 Sep and 16 Sep Generic achieved our  breakout target of 377 as High made post split was 187.5 so which is equal to 375 per-split. Also Traders/Investor Holding stock should have got Split and also dividend of 0.10 Paisa will also get credited.

Stock will be entering in below Indices in 24 Sep as per below BSE circulars

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

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20180907-32

Friday Market crashed but Stock closed almost in neutral zone after doing intraday correction and gave another entry to trader as low 177.5 near our entry level of 177-179.

Also closed above the Sun and Moon planetary lines as seen in below chart, suggesting we are heading higher towards 199/212.

 

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 185-187 Target 194/199/205/211   SL should be kept at 177 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.

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