GANESHA ECOSPHEREGanesha Ecosphere Ltd is a leading PET Waste Recycling company in India and is engaged in the manufacturing of Recycled Polyester Staple Fibre (RPSF), Spun yarn and dyed texturised yarn in India.
It was incorporated in 1987 as Ganesh Polytex Ltd and was renamed as Ganesha Ecosphere Ltd in October 2011.
The co. is the largest PET bottle recycling co. in India, contributing to recycling over 16% of India’s PET bottle waste p.a.
Ganeshaecosphere
GANESHA ECOSPHERE (NO INDICATORS - ONLY PRICE ACTION)1- Nothing much to explain very simple analysis
2- channel breakout with reversal pattern in weekly time frame
3- Reversal pattern confirmed with second week closed in Green , which is good sign.
4-And the target always depends on price action , actually I don't set target, I do take exits depends on priceaction (and it varies to person to person's conviction)
5- still if you want to set a target then go with 1:2 or 1:3 risk reward
6- Trade cautiously according to market condition (position sizing and risk management are the key things in the stock market)
NOTE : I only use simple Strategy that always give superior returns, Don't get carried away with all the complex strategies that's in the market. Complex doesn't necessarily mean good.
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