Trade Entry Market: BSE Stock: TV18BRDCST (TV 18 Boadcast Ltd) Long/Short: Long Current Price: 39.90 Entry Price: 42.51 Time Frame: Monthly Order Type: Buy Stop
Type of Trade: Long Term
Reason For Trade: Stock is in an uptrend Price had hit 50 SMA and moved up RSI is at 50. However RSI should break 50 level Fundamentally strong Promoter & Promoter Group holding is of 60.40% -Good Signs Rakesh Jhunjhunwala and Jhunjhunwala Rekha Rakesh has holding of 1.75% and 1.45 % respectively Public holding is: 39.60 Shareholding Pattern Public Shareholder:bseindia.com/corporates/shpPublicShareholder.aspx?scripcd=532800&qtrid=92.00&QtrName=December 2016 Bearish volume has decline and bullish volume is increased in the month of Feb 2017
Stop: 37.18
Target: Target 1: 45.88 Target 2: 48.73
Pluses: - Company is virtually debt free. CMP/BV:1.87 (Greater than one) DEC 2016 quaterly results were better than previous two quaters Net profit is good There will be sharp rise in price when the RSI is breaking the trend line drawn on RSI
Minuses: Cash Flow is negative - Though the company is reporting repeated profits, it is not paying out dividend - Though the company is reporting regular profits, it is not paying out tax - Company has a low return on equity of 2.18% for last 3 years. - Contingent liabilities of Rs.3395.26 Cr Risk Reward ratio is not great Technically not a perfect setup but a decent setup Stop loss is tight - Stop loss can be adjusted as per your requirement. Brief Summary of emotions: nervous, confident, not confident, sleepy, stressed, tired...etc (Mention the reason for your emotions) I am confident however I would be cautious if enter this trade and keep an eye on this trade
Stock added or sold during the current trade: After target 2 is reached the trade can be reanalyzed.
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