Price and trend forecast of GENUSPOWER for Tomorrow, Weekly, Monthly
Genus Power Infrastructures Limited
Symbol: NSE:GENUSPOWER
ISIN: INE955D01029
365.60
As on 2024-07-26
GENUSPOWER's Today's Performance
Genus Power Infrastructures Limited started the day by opening at 368.50 today 2024-07-26. Its shares reached a high of 376.20 and dipped to a low of 362.35 in intraday. When the markets closed, GENUSPOWER’s stock price settled at ₹365.60 per share. Also check out its key support and resistance levels.
GENUSPOWER Buy/Sell Targets
Tomorrow, buy GENUSPOWER when its price reaches ₹ 365.60 with a stop-loss order at ₹ 358.32. You can set the target price as ₹ 372.88 to capture potential gains. This buy 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 GENUSPOWER for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for GENUSPOWER
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 374 |
| Tomorrow Down Target 2 | 382 |
| Tomorrow Down Target 3 | 388 |
Important Levels for GENUSPOWER
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 360 |
| Tomorrow Up Target 2 | 354 |
| Tomorrow Up Target 3 | 346 |
Based on where the stock opens tomorrow, if GENUSPOWER opens on a positive note, our first target will be ₹374. If Target 1 is achieved, we will aim for Target 2 which is ₹382.
But if GENUSPOWER falls below the average value of ₹368.05, you can enter a sell side position with target number 1 - ₹360 and second target - ₹354 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 GENUSPOWER
Looking at GENUSPOWER, 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, GENUSPOWER has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for GENUSPOWER is moderate bullish.
Tomorrow's Volume based share price Forecast for GENUSPOWER
GENUSPOWER'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 -33%.
Reversal detection for GENUSPOWER
GENUSPOWER may trend may continue to be bullish since stock is making higher highs and we can get target of ₹366 in morning tomorrow
| Target 1 tomorrow | 373 |
| Target 2 tomorrow | 377 |
| Target 3 tomorrow | 382 |
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 GENUSPOWER'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 GENUSPOWER opens on a positive note, our first target will be ₹373.75. If Target 1 is achieved, we will aim for Target 2 which is ₹381.90.
But if GENUSPOWER falls below the average value of ₹368.05, you can enter a sell side position with target number 1 - ₹359.90 and second target - ₹354.20
GENUSPOWER's Weekly Targets
| 1st Up Target | 383.68 |
| 2nd Up Target | 401.77 |
| 1st Down Target | 340.03 |
| 2nd Down Target | 314.47 |
As the week for GENUSPOWER ended on bullish sentiments, we can expect further continuation of this sentiment. GENUSPOWER's initial target will be 383.68 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 340.03 in the upcoming week.
Weekly OHLC Values
| Open | 340.00 |
| High | 376.20 |
| Low | 332.55 |
| Close | 365.60 |
Week for GENUSPOWER started with an open price of 340.00, and the close was at 365.60. GENUSPOWER reached the highest of 376.20 and dipped lowest up to 332.55 last week. This indicates a bullish sentiment for the week.
GENUSPOWER full month swing targets
| Monthly Up Target 1 | 427.33 |
| Monthly Up Target 2 | 445.42 |
| Monthly Down Target 1 | 296.38 |
| Monthly Down Target 2 | 227.17 |
Targets of ₹427.33 can be expected to be reached in the coming month. Once GENUSPOWER achieved this target, we can aim for the next upside target of ₹445.42.
GENUSPOWER if fails to hold upside, down targets of ₹296.38 and ₹227.17 can be achieved by end of this month.
For complete three weeks if GENUSPOWER 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 GENUSPOWER
| Symbol | Name | Industry |
|---|---|---|
| LT | Larsen & Toubro Limited | Engineering & Construction |
| ADANIPORTS | Adani Ports and Special Economic Zone Limited | Marine Shipping |
| HAL | Hindustan Aeronautics Limited | Aerospace & Defense |
| SIEMENS | Siemens Limited | Specialty Industrial Machinery |
| BEL | Bharat Electronics Limited | Aerospace & Defense |
Summary
GENUSPOWER is expected to reach the target of 373.75 in tomorrow's trading session.
After achieving the initial target in GENUSPOWER, we will aim for higher targets of 381.90 tomorrow.
However, if GENUSPOWER starts to trade below ₹368.05, then we will shift our focus to the sell side and aim for down targets of 359.90 and 354.20.