Generic Engineering is consolidating in the range of 53-59 from past 1-2 months and as seen in below chart and also forming Triangle Pattern signalling breakout is around the corner. With momentum picking in Small and Mid Caps space we can see a good move in coming days.
How to Trade Breakout Readers can refer to Below Video to get more understanding of Breakout Trading.
As the Range is for 7 points (53-60) we can expect a minimum Jump of 7 Points which translate to 10-15% rally in next 1 month.
Traders can Buy in Range 57-59 Target 66/72/80 SL should be kept at 50 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 Stop loss.Bramesh Bhandari and his family/associates/ analysts would have exposure in the securities mentioned in the above article.