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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