1. GE power after falling more than 40% in last 4 months in spite of correcting from 1000 odd levels in last 3 years is poised for a reasonable retracement at least.
2. A 38% retracement of the fall from 170 level takes it to a target of 120.
3. Further strength might take it to 130 levels which is 50% of this fall.
4. Fundamentally all the issues of promoter depromoterisation, pending receivables and losses on net level is fully discounted by march 31st which happens to be the last date for tax loss harvesting.
5. Since most of the selling has been done, a little bit of buying will create massive surge in prices. Watchout
6. Stop loss in the 52 wk low
Disclaimer: I am invested in both trading and investing portfolio.
2. A 38% retracement of the fall from 170 level takes it to a target of 120.
3. Further strength might take it to 130 levels which is 50% of this fall.
4. Fundamentally all the issues of promoter depromoterisation, pending receivables and losses on net level is fully discounted by march 31st which happens to be the last date for tax loss harvesting.
5. Since most of the selling has been done, a little bit of buying will create massive surge in prices. Watchout
6. Stop loss in the 52 wk low
Disclaimer: I am invested in both trading and investing portfolio.