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Price and trend forecast of GENESYS for Tomorrow, Weekly, Monthly

Genesys International Corporation Limited

Symbol: NSE:GENESYS

ISIN: INE727B01026

663.60

As on 2024-04-12

266.00 (52W Low) 738.90 (52W High)

GENESYS's Today's Performance

Genesys International Corporation Limited started the day by opening at 683.95 today 2024-04-12. Its shares reached a high of 696.50 and dipped to a low of 661.00 in intraday. When the markets closed, GENESYS’s stock price settled at ₹663.60 per share. Also check out its key support and resistance levels.

GENESYS Buy/Sell Targets

Tomorrow, sell GENESYS when its price reaches ₹ 663.60 with a stop-loss order at ₹ 683.44. You can set the target price as ₹ 643.76 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of GENESYS for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for GENESYS

Resistance Levels Value in ₹
Tomorrow Resistance 1 686
Tomorrow Resistance 2 709
Tomorrow Resistance 3 722

Important Supports for GENESYS

Support Levels Value in ₹
Tomorrow Support 1 651
Tomorrow Support 2 638
Tomorrow Support 3 615
Based on where the stock opens tomorrow, if GENESYS opens on a positive note, our first target will be ₹686. If Target 1 is achieved, we will aim for Target 2 which is ₹709.

But if GENESYS falls below the average value of ₹673.70, you can enter a sell side position with target number 1 - ₹651 and second target - ₹638 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of GENESYS

Looking at GENESYS, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, GENESYS has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for GENESYS is moderate bullish.

Tomorrow's Volume based share price Forecast for GENESYS

GENESYS's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -21%.

Reversal detection for GENESYS

Predicted trend chart of GENESYS tomorrow for price forecast
GENESYS may trend may continue to be bearish since stock is making lower low and we can get target of ₹687 in morning tomorrow
Target 1 tomorrow687
Target 2 tomorrow696
Target 3 tomorrow709
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with GENESYS's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if GENESYS opens on a positive note, our first target will be ₹686.40. If Target 1 is achieved, we will aim for Target 2 which is ₹709.20.

But if GENESYS falls below the average value of ₹673.70, you can enter a sell side position with target number 1 - ₹650.90 and second target - ₹638.20

GENESYS's Weekly Targets
1st Up Target 714.67
2nd Up Target 765.73
1st Down Target 636.77
2nd Down Target 609.93

As the week for GENESYS ended on bearish sentiments, we can expect further continuation of this sentiment. GENESYS's initial target will be 714.67 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 636.77 in the upcoming week.

Weekly OHLC Values
Open 738.90
High 738.90
Low 661.00
Close 663.60

Week for GENESYS started with an open price of 738.90, and the close was at 663.60. GENESYS reached the highest of 738.90 and dipped lowest up to 661.00 last week. This indicates a bearish sentiment for the week.

GENESYS full month swing targets
Monthly Up Target 1 792.57
Monthly Up Target 2 843.63
Monthly Down Target 1 558.87
Monthly Down Target 2 454.13

Targets of ₹792.57 can be expected to be reached in the coming month. Once GENESYS achieved this target, we can aim for the next upside target of ₹843.63.

GENESYS if fails to hold upside, down targets of ₹558.87 and ₹454.13 can be achieved by end of this month.

For complete three weeks if GENESYS is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as GENESYS

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IDEAFORGE ideaForge Technology Limited Computer Hardware

Summary

GENESYS is expected to reach the target of 686.40 in tomorrow's trading session.

After achieving the initial target in GENESYS, we will aim for higher targets of 709.20 tomorrow.

However, if GENESYS starts to trade below ₹673.70, then we will shift our focus to the sell side and aim for down targets of 650.90 and 638.20.