GANECOS trade ideas
Ganesha Ecosphere - Breakout Setup, Move is ON...#GANECOS trading above Resistance of 2332
Next Resistance is at 2763
Support is at 1785
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Ganesha Ecosphere - Breakout Setup, Move is ON...#GANECOS trading above Resistance of 1785
Next Resistance is at 2332
Support is at 1363
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Ganesha Ecosphere Short Term TradeThe stock has been in an overall uptrend.
The volume also shows a bullish strength.
Consolidation in the form of rectangular pattern is visible in the last two months
Now there has been a breakout through this pattern, with good volume and surge in atr
Thus, there is a short term trade,
tgt 2279,sl 2026.5
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.
Ganesha Ecosphere - Breakout Setup, Move is ON...#GANECOS trading above Resistance of 1363
Next Resistance is at 1785
Support is at 1025
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Ganesha Ecosphere - Long Setup, Move is ON...#GANECOS trading above Resistance of 1025
Next Resistance is at 1363
Support is at 739
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
GANECOS Approaching Channel Resistance – Bullish Continuation?
The stock is trading within an ascending channel, currently testing the upper resistance line.
The RSI is at 64.56, indicating strong bullish momentum but not yet overbought.
A significant increase in volume supports the potential for a bullish breakout above the channel resistance.
The stock is trading well above its 100 EMA, which aligns with the lower channel line, indicating strong support around ₹918.
Immediate resistance is at ₹1200, the upper boundary of the ascending channel. Support is at the 100 EMA and the lower channel line around ₹918.
Watch for a breakout above ₹1200 with strong volume for a potential bullish continuation. If the resistance holds, look for support around ₹918.
Ganecospher to take long entryThis stock is in a high uptrend on weekly as well as monthly time frames. Also, the stock is forming HH and HL. The Stock has also formed a channel. A very high probability that the stock will move upside from the current level above 1100 for the next target price of 1200-1250 with SL of 1045.
Ganesha Eco - Bounce off the golden ratioWith the new expansion inaugurated today worth 350cr this company could see new tailwinds. They are in a green industry too.
The stock has bounced from the golden fibo ratio and could start a new move upwards.
I will be allocating 50% above 696 and then again above 720. After first entry SL will be below 660. Post 2nd entry SL can be shifted to 690.
Ganesha Ecospher - Long Term --- Flag & Pole PatternFlag and Pole Pattern, Cross all pervious resistance.
* Promoters increased their stake
* Volumes up
* New Base around 580 Rs
* Potential Target of 1734 Rs
*************Hold for Longterm****************
Disclaimer : Strictly for Education and not a stock recommendation.
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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