GENCON NEWS why is Generic Eng Cons Proj Ltd price falling or rising

GENCON NEWS reasons for why stock price of Generic Eng Cons Proj Ltd is falling or rising

GENCON Generic Eng is falling or rising technical reasons

Technical analysis forecast for Generic Eng Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Generic Eng GENCON at this time. Stock is falling and might fall more.

It appears as if Generic Eng GENCON gave a large move recently.

Stock of Generic Eng (GENCON) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Generic Eng is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Generic Eng stays below 38.7, but if it comes above 38.7, then a intra day buy could be more profitable.
If you take a sell trade below 38.7, then use 38.7 as stoploss and 34 as target. However if you take a buy trade in Generic Eng, then use 38.7 as stoploss and 42.61 as target.

GENCON Generic Eng is falling or rising NEWS fundamental reasons

Company Announcement - NEWS as on 2024-02-16

Company Announcement Generic Engineering Construction and Projects Limited has informed the Exchange regarding Outcome of Board Meeting held on February 14, 2024. - NEWS as on 2024-02-16

Board Meeting to discuss Financial Results To consider and approve the financial results for the period ended December 31, 2023 - NEWS as on 2024-02-09

Company Announcement Generic Engineering Construction and Projects Limited has informed the Exchange about Copy of Newspaper Publication of the financial result for the Quarter and half year ended September 30, 2023 - NEWS as on 2023-12-04

Company Announcement Generic Engineering Construction and Projects Limited has informed the Exchange regarding Board meeting held on November 30, 2023. - NEWS as on 2023-12-01

Board Meeting to discuss Financial Results To consider and approve the financial results for the quarter and half year ended September 30, 2023 - NEWS as on 2023-11-28

More announcements and NEWS

GENCON Generic Eng Cons Proj Ltd current price & indicator signals

Moving Averages for Generic Eng Cons Proj Ltd

  • 5Day Average: 39.12
  • 12Day Average: 40
  • 20Day Average: 42.94
  • 50Day Average: 49.63
  • 100Day Average: 53.32
  • 150Day Average: 55.21
  • 200Day Average: 51.98

GENCON Indicators & signals

Indicator MACD (12,26,9)

40.58, 43.97, -3.29
Indicator MACD is in negative zone

Indicator ADX (14)

46.79, 10.14, 27.97
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 47
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of GENCON Generic Eng Cons Proj Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
28 Thu Mar 2024 37.80 37.20 to 40.20 -2.58% 0.83 times
27 Wed Mar 2024 38.80 38.25 to 41.30 -1.4% 1.51 times
26 Tue Mar 2024 39.35 38.65 to 41.40 -1.75% 2.07 times
22 Fri Mar 2024 40.05 39.10 to 41.35 1.14% 0.83 times
21 Thu Mar 2024 39.60 39.00 to 40.60 2.33% 0.59 times
20 Wed Mar 2024 38.70 38.05 to 40.95 -2.15% 1.17 times
19 Tue Mar 2024 39.55 39.25 to 41.70 -1% 0.87 times
18 Mon Mar 2024 39.95 38.50 to 41.30 -1.36% 1.32 times
15 Fri Mar 2024 40.50 40.35 to 43.90 -4.59% 0.89 times
14 Thu Mar 2024 42.45 39.10 to 42.60 4.56% 0.35 times
13 Wed Mar 2024 40.60 40.60 to 43.45 -4.92% 0.39 times
12 Tue Mar 2024 42.70 42.30 to 45.40 -4.04% 0.36 times

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GENCON NEWS why is Generic Eng Cons Proj Ltd price falling or rising

 

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