Genus Power Infra: Bullish Breakout – Buy now for higher targets

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🔍 Technical Analysis: GENUSPOWER (NSE: GENUSPOWER)

1️⃣ Overview:

📈 Current Market Price (CMP): ₹430.15 (+2.26%)
🗓️ Date & Time: As of 15:25 (UTC+5:30)
🕹️ Chart Analysis: Daily (1D)

2️⃣ Technical Indicators Overview:

📊 Moving Averages:
🟢 50-Day EMA: ₹399.89, currently acting as a support zone.
🔵 200-Day EMA: ₹332.71, indicating the longer-term trend remains positive.

📦 Volume Profile: Strong demand visible between ₹360-₹380, suggesting robust buying interest at lower levels.

📈 MACD: Bullish crossover with the MACD line above the signal line, implying momentum is still positive.

MACD Line: 3.76
Signal Line: 1.04
Histogram: 📈 Positive, indicating rising momentum.

📉 Williams %R (14): At -5.59, signaling overbought conditions, which might result in a short-term pullback.

💹 Stochastic RSI (14, 3): At 100, indicating strong bullish momentum, though caution is advised as overbought zones can precede minor corrections.

🟣 Parabolic SAR: Positioned below the price, supporting the ongoing uptrend.

3️⃣ Fibonacci Retracement Levels:

The stock is retracing from the swing high of ₹451.55 to the swing low of ₹351.05.
📐 38.2% Retracement: ₹399.30 – Strong support.
📐 50% Retracement: ₹414.05 – Intermediate resistance.
📐 61.8% Retracement: ₹428.80 – Currently breached, signaling bullish strength.
📐 78.6% Retracement: ₹442.80 – Next resistance level to watch.

4️⃣ Rationale for Buy:

🚀 Breakout above 61.8% Fibonacci Level: The breach above ₹428.80 indicates a potential continuation of the upward move.

🔥 Bullish Momentum: MACD crossover, Stochastic RSI in overbought territory, and Parabolic SAR below the price all point to a continuation of the bullish trend.

📈 Volume Surge: Increased volume activity supports the bullish move, suggesting robust buying interest.

📦 Demand Zone: The significant demand between ₹360-₹380 acts as a strong base, providing a good risk-reward opportunity for entry.

5️⃣ Recommendation:

🔔 Action: Buy
🎯 Target 1: ₹442.80 (78.6% Fibonacci Level)
🎯 Target 2: ₹451.55 (Recent Swing High)
🛑 Stop Loss: ₹414.05 (50% Fibonacci Level) to protect against downside risk.

6️⃣ Risk Management:

📥 Entry Strategy: Consider entering near the current price or on minor pullbacks towards the 61.8% retracement level (₹428.80).

⚖️ Risk-to-Reward Ratio: The trade setup offers a favorable risk-to-reward ratio of at least 1:2 based on defined targets and stop-loss levels.

⚠️ Disclaimer:
This analysis is based on technical indicators and market patterns and is intended for educational purposes. Market conditions may change, and this is not investment advice. Please conduct your own research or consult a financial advisor before making trading decisions.

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