This is why Mehul Kothari recommends shopping for JSW Metal, Genus Energy

Net Unique

In keeping with the technical analyst from Anand Rathi, Genus Energy has confirmed a multi-year breakout above the Rs 95 mark, and appears poised to rally in direction of Rs 140 within the subsequent few months.


Buzzing shares | Market technicals | Market developments

Mehul Kothari  | 



TARGET: Rs 120


Lately the inventory GENUS POWER confirmed a multi-year breakout above the Rs 95 mark and that too at its life time excessive. The breakout was supported with distinctive volumes. The theoretical goal for breakout comes round Rs 130 – Rs 140 within the coming few months. Thus, brief time period merchants can accumulate the inventory within the vary of Rs 105 – Rs 102 with a cease lack of Rs 95 for an upside goal of Rs 120 within the coming 2 – 3 weeks.



TARGET: Rs 760


After a one-sided rally from Rs 570 to Rs 790 the inventory JSWSTEEL has been in a corrective mode since previous few classes. Within the current session, the inventory displayed sharp restoration and the sample resembles a reversal candlestick. On the each day scale we’re witnessing golden crossover of fifty DSMA with 200 DSMA which signifies a bullish transfer for medium time period. Thus we advise merchants to go lengthy within the inventory within the vary of Rs 715 – Rs 705 with a cease lack of Rs 680 for an upside goal of Rs 760 in 2 – 3 weeks.

(Mehul Kothari – AVP – Technical Analysis, Anand Rathi Shares & Inventory Brokers. Views are private).

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First Revealed: Tue, April 26 2022. 07:35 IST

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