GE Power India after a steep correction has witnessed a breakout from its falling wedge pattern on the daily timeline. Moreover, the price has completed bullish Anti-Nen Star harmonic pattern on the weekly chart.
Furthermore, the counter has able to close above its 200-DEMA in Wednesday’s session which is acting as a strong support. The momentum oscillator RSI (14) is in bullish crossover and falling suggesting a continuation of bullish momentum.
Traders can accumulate the stock in the range of 786-804 for the target of Rsc866 and a stop loss below Rs 752. Read more
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