Hi,
Watch this stock, seems to have caught attention of buyers. look at the delivery %. its showing 96%. Stock is trading very near to its 52 week low and yet 96 % delivery .... sounds like good amount of buying is coming in. (source : nse website)
Let us wait and watch to see what happens to this stock in the coming weeks.
An here is the weekly chart of Ganesh Housing Corporation Ltd.(source : icharts.in)
Looks like if 61-66 price level holds and the overall market remains positive then It may try to touch 89-99 in the coming months
Best buy would be @ around 62-67 levels. The True Range and avg weekly ATR is around 7 & 10 respectively,
Hence our targets & stop loss workout to : Target 74-79-84-89-94-99 & Stop loss would be @ 60
Expected time for all targets to achieve is 12-15 weeks
Happy Trading :)
Lawrence Sequeira
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