Here's a **technical analysis summary** for **Genus Power Infrastructures Ltd (NSE: GENUSPOWER)** based on the chart you provided:
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### 📊 **Technical Analysis – Genus Power**
* **Pattern Formed**: **Cup and Handle** breakout
* **Breakout Level**: ₹323.20
* **Current Price**: ₹345.90 (+6.22%)
* **Target Price**: ₹413.05 (based on pattern height projection)
* **Volume**: Significant volume spike confirming breakout
* **Price Action**: Strong bullish momentum with follow-through after handle formation
* **Support Zone**: ₹323.20 (previous resistance turned support)
* **Breakout Strength**: Backed by increased volume and momentum indicators
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📈 **Interpretation**:
The breakout above ₹323.20 from a textbook **cup and handle** pattern indicates a **bullish trend continuation**. Volume surge adds strength to the breakout, making ₹413 a reasonable short-to-mid-term target.
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### 📊 **Technical Analysis – Genus Power**
* **Pattern Formed**: **Cup and Handle** breakout
* **Breakout Level**: ₹323.20
* **Current Price**: ₹345.90 (+6.22%)
* **Target Price**: ₹413.05 (based on pattern height projection)
* **Volume**: Significant volume spike confirming breakout
* **Price Action**: Strong bullish momentum with follow-through after handle formation
* **Support Zone**: ₹323.20 (previous resistance turned support)
* **Breakout Strength**: Backed by increased volume and momentum indicators
---
📈 **Interpretation**:
The breakout above ₹323.20 from a textbook **cup and handle** pattern indicates a **bullish trend continuation**. Volume surge adds strength to the breakout, making ₹413 a reasonable short-to-mid-term target.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.