Generic Construction Technical Outlook for Coming Week

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 16 Sep and 23 Sep

Generic was also caught of Tsunami of Selling which Hit Dalal Street and Stock Finally Hit our SL of 177 on Closing basis closing at 174.

Generic also entered S&P Small Cap and below Indices as shown in below Screenshot

Gencon also got order worth 200 Cores as per BSE Announcement Media release – Awarded multiple orders from leading defence public sector undertaking and other reputed Real Estate Developers

As per the Sun and Moon planetary lines as seen in below chart, suggesting we are heading near the support zone  165-167 and holding the same we should bounce till 177/185 in short term.

 

As per the below Forecasting model shown by red line Stock made a bottom and is heading higher and should reach new life high of 194-200 till we are holding 160 odd levels.

 

Remember the Golden Technical Rule Ride the Trend till it bends. Stock is Listed on BSE and Ticker is GENCON.

Fresh Long in Range 167-170 Target 177/185/194/201  SL should be kept at 159 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.