Scrip
Recommendation TV18 Broadcast
CMP (Rs.)53.50
Entry Level 53.50 to 50(Rs.)
Stop Loss 32 weekly closing basis
Partial Profit Level 75(Rs.)
Final Target Price 130-200(Rs.)
In the above weekly chart of TV18 Broadcast Ltd we can see that stock has corrected from 135 in Aug 2010 to 17 in June 2012. We have seen almost 118 points correction in period of 2 years. Volumes were quiet lower in downward rally as compare to coming upside rally. From June 12 to Nov 17 stock has moved in consolidation phase of 36 points for nearly 5years. In this 5 years period we have seen stock to accumulate at every support in form of Higher Bottoms making Upward Moving Trend Line. In same period stock has faced multiple resistances in form of Multiple Tops at 53. Stock has given upside rally in current week breaching multiple resistances of 53 and making 5 years high of 53.50. Volume was marginally high in current weeks as compare to previous weeks. RSI is also moving upside and moving above reference line (White Line) is a good signal for upside rally. It is also moving above strong support of 10WMA of 44 which is a good signal for upside. Favored View: From the above analysis we suggest to BUY TV18 Broadcast at CMP of 53.50 and more at 50, stop loss will be at a weekly close below 32, we suggest to book partial profits at 75 and rest we will hold till our target of 130, this gives us a good Risk/reward ratio of around 1:4 and upside of around 140% ideally we could see this upside in 12 months to 24 months period. If stock sustained around 130 and breached 140 odd levels on higher side our next target will be of 200 in 36-48 month period.
CMP (Rs.)53.50
Entry Level 53.50 to 50(Rs.)
Stop Loss 32 weekly closing basis
Partial Profit Level 75(Rs.)
Final Target Price 130-200(Rs.)
In the above weekly chart of TV18 Broadcast Ltd we can see that stock has corrected from 135 in Aug 2010 to 17 in June 2012. We have seen almost 118 points correction in period of 2 years. Volumes were quiet lower in downward rally as compare to coming upside rally. From June 12 to Nov 17 stock has moved in consolidation phase of 36 points for nearly 5years. In this 5 years period we have seen stock to accumulate at every support in form of Higher Bottoms making Upward Moving Trend Line. In same period stock has faced multiple resistances in form of Multiple Tops at 53. Stock has given upside rally in current week breaching multiple resistances of 53 and making 5 years high of 53.50. Volume was marginally high in current weeks as compare to previous weeks. RSI is also moving upside and moving above reference line (White Line) is a good signal for upside rally. It is also moving above strong support of 10WMA of 44 which is a good signal for upside. Favored View: From the above analysis we suggest to BUY TV18 Broadcast at CMP of 53.50 and more at 50, stop loss will be at a weekly close below 32, we suggest to book partial profits at 75 and rest we will hold till our target of 130, this gives us a good Risk/reward ratio of around 1:4 and upside of around 140% ideally we could see this upside in 12 months to 24 months period. If stock sustained around 130 and breached 140 odd levels on higher side our next target will be of 200 in 36-48 month period.
• Dish TV Q2, YoY
ReplyDeleteo Revenue down 4 percent at Rs 749 cr
o Net loss of Rs 16 crore from a profit of Rs 70 cr
o Ebitda down 18 percent at Rs 216.5 cr
o Margin at 28.9 percent versus 34%.
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