Ganesh Housing, a strong contender in this bearish Market
🔘Ganesh Housing Corp Ltd (NSE: GANESHHOUC)
📈 Technical Setup
The stock shows resilience to the recent market fall, forming a bullish candle on strong volume. Trading above key moving averages (30 & 50 DMA), it is bouncing from critical support levels, signaling potential strength.
Trade Details
Entry: ₹1,368
Stop Loss (SL): ₹1,123 (-17.76%)
Targets:T1: ₹1,507 (+10%)
T2: ₹1,670 (+21.8%)
📊 Risk-to-Reward (R:R): ~1:1.23
Note: Lock in partial profits if the stock moves 8-10% in your favor to manage risk better.
🔘Risk Considerations
⚠️ Against the Trend: This is a counter-trend trade; if the broader market corrects further, the stock could follow and hit SL.
⚠️ Position Sizing: Strict risk management is critical; beginners should avoid it until the market stabilizes above the 200 DMA.
🔘Key Financial Ratios
Liquidity Ratios:
Current Ratio: 2.52
Quick Ratio: 1.51
Profitability Ratios:
Return on Equity (ROE): 41.6%
ROCE: 41.6
Valuation Ratios:
Price-to-Earnings (P/E) Ratio: 22.6
Price-to-Sales (P/S) Ratio: 7.68
📢 Disclaimer: This analysis is for educational purposes only. Consult your financial advisor before making investment decisions.
📈 Technical Setup
The stock shows resilience to the recent market fall, forming a bullish candle on strong volume. Trading above key moving averages (30 & 50 DMA), it is bouncing from critical support levels, signaling potential strength.
Trade Details
Entry: ₹1,368
Stop Loss (SL): ₹1,123 (-17.76%)
Targets:T1: ₹1,507 (+10%)
T2: ₹1,670 (+21.8%)
📊 Risk-to-Reward (R:R): ~1:1.23
Note: Lock in partial profits if the stock moves 8-10% in your favor to manage risk better.
🔘Risk Considerations
⚠️ Against the Trend: This is a counter-trend trade; if the broader market corrects further, the stock could follow and hit SL.
⚠️ Position Sizing: Strict risk management is critical; beginners should avoid it until the market stabilizes above the 200 DMA.
🔘Key Financial Ratios
Liquidity Ratios:
Current Ratio: 2.52
Quick Ratio: 1.51
Profitability Ratios:
Return on Equity (ROE): 41.6%
ROCE: 41.6
Valuation Ratios:
Price-to-Earnings (P/E) Ratio: 22.6
Price-to-Sales (P/S) Ratio: 7.68
📢 Disclaimer: This analysis is for educational purposes only. Consult your financial advisor before making investment decisions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.