GANESHBECompany Info:
Stock Symbol: GANESHBE
Stock Exchange: NSE
Current Market Cap: ₹10.88 Billion
Recent Performance:
Ganesh Benzoplast's share price is ₹151.20 (as of July 5, 2024).
The stock is currently trading in a channel range.
The company witnessed a strong QoQ revenue growth of 42.3% in the last quarter, the highest in the last 3 years.
Over the past 3 years, the stock has delivered a return of 96.59%, outperforming the Nifty Smallcap 100 which gave a return of 80.38%.
Technicals:
The stock is currently trading in a channel range. A break above ₹160 could signal a potential long position with target prices of ₹167, ₹192, ₹214, and ₹231.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.
GANESHBE trade ideas
GANESH BENZOPLAST GANESH BENZOPLAST
Stock with 70%+ returns last year
Near it's ATH
Pattern observed : Ascending channel on weekly chart (Perfect pattern)
Seems to be a buy above 180 as it breaks the channel on weekly chart
Target : Around 230
Also :
Observed RSI Divergence on 1D chart so can go for short if fails to break the resistance
Target : 145-140
--But Adding small quantities for short will add more if Breakout fails .. or vice-versa !!
Note : Just an idea no personal recommendation to buy or sell with me #Be wise #Ideasshare
Triangle pattern BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose