Bye Bye 2015 & Welcome 2016

Yearly Chart of Nifty - Simple Technical Analysis 

TCS - Best Buy at Current Levels around 2400

TCS - Best Buy at Current Levels around 2400

Please read the comments of through analysis on every time frame -

Monthly Chart -



Weekly  Chart -



Daily Chart -



Hourly Chart -

Nifty Weekly - Fibonacci Study

Nifty Weekly - Fibonacci Study

Reliance Hourly Chart - Follow up Update

Reliance Hourly Chart - Follow up Update -

19 - Nov - 2015

As anticipated on 22 Oct, Price moved towards the Resistance and couldn't break the resitance zone of 970-990.

From 22 Oct, Price is in the sideways correction and as per Neo wave theory, Price entered completed 2 standard correction and expected to move into the 3 rd and last correction pattern.

We expect the 3 rd correction would take support at 880 -930 range which was mentioned earlier.

Do not bullish in this untill the 3 rd correction is completed, Hence wait some more time :-)

Happy Trading and Happy Investing!!!

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Refer the Previous Article on Reliance dated 22 Oct 2015 -

http://yogeshtamkhade.blogspot.in/2015/10/reliance-industry-ltd-technical-study.html

JUBLIANT FOODWORKS - LONG TERM

Line Chart Monthly Study - Jubilant Foodworks

Price Chart is making Higher High whereas RSI is making Lower Low.

Price Broken below the long term Support trend line  and now price are below the support trend line and is facing the important resistance.

Price momentum has been declined slowly even is the price continue to moving upward

Sep 2014 to Sep 2015 - 1 year of long consolidation is observed between 1000 - 1400 price range(1 yrs - 400 points)

Consolidation breakout seen on Oct -Nov 2015 and from that level 1350 -1400, Price rose to 1870 by Jun2015 (7 months - 470Points)

Price 1400 - 1300 range is an important Resistance zone which broken.

Now This level will act as a important Support level. Current price is also is also on this zone.

Hence can expect the Bounce from this level toward upside. This is an very good level to enter for investment atleast for 1 year

Follow-up on UPL 29 Nov 2015

Follow up on UPL Analysis -

Earlier post reference on UPL dated 28 Oct 2015
http://yogeshtamkhade.blogspot.in/2015/10/upl-multi-frame-study-long-term-bullish.html


9 - Nov -2015

UPL is still testing the Support trend line -

Today's Observation -
* On Daily chart, lower low candle are forming since 6 days.
* Piercing Candlestick pattern formed on daily time frame after hammer candle which are the reversal pattern. But this piercing will confirm only when today's High is broken by tomorrows canndle and close above the today close.
* RSI is hovering near 40 level and formed the 2 bar +ve divergence which indicate the short term reversal can possible

EROS INTERNATIONAL MEDIA - Details Analysis for Long Term Portfolio

EROS INTERNATIONAL MEDIA 
- Details Analysis for Long Term Portfolio
Sector: Services / Media | Industry: Recreational Services
Financial Data Source - https://www.valueresearchonline.com/

6M Average Volume: 521,040	P/B: 2.11	MARKET CAP: 3317.65
52-Week Range: 237.20 - 643.95	Dividend Yield: 0.00%	P/E: 12.54
TTM EPS:  28.31	Book Value:  168.11	Face Value:  10

About Company -

EROS MEDIA are part of the Eros International Group and the leading global company in the Indian film entertainment industry, and They co-produce, acquire and distribute Indian language films in multiple formats worldwide including; theatrical, television syndication & digital platforms.

EROS success is built on the relationships we have cultivated over the past 35 years with leading talent, production companies, exhibitors and other key participants in our industry. Leveraging these relationships, we have aggregated rights to over 1,100 films in our library, plus an additional 700 films for which we hold digital rights only.

The group has a distribution network that spans over 50 countries, with offices in India, UK, USA, Dubai, Australia, Fiji, Isle of Man and Singapore.

In 2006, Eros International Plc, the holding company of the Eros Group, became the first Indian media company to list on the Alternative Investment Market (AIM) of the London Stock Exchange

EROS distribution capabilities enable them to target a majority of the 1.2 billion people in India, our primary market for Hindi language films. We have distribution offices in Mumbai, Delhi, Punjab, Mysore and Chennai.

News & Upcoming Releases -

• Shares of Eros International Media have tanked 19% on 26 Oct 2015  due the news that “Eros International under Wells Fargo’s scanner, stock downgraded.”
  
  According to Economic Times reports, Eros International, a Bollywood film producer and distributor, has come under attack of a leading Wall Street bank, Wells Fargo
• Acquired 51% stake with effect from 2008 in TAMIL FILMS: AYNGARAN
• Ayngaran is an established player in Tamil content and distribution business
• Presence in other select regional language film markets
• Eros International & NextGen Films to co-produce psychological thriller PHOBIA featuring Radhika Apte
• Eros International to release Salim Ahamed’s upcoming Malayalam film Pathemari
• Eros International acquires Punjabi film – Diljit Dosanjh starrer Mukhtiar Chadha
• BAJIRAO MASTANI to be release on 18 Dec 2015 (Ranveer Singh, Deepika Padukone, Priyanka Chopra)
• SHIVAAY to be released on 22 Jan 2016 ( Ajay Devgan, Sayesha)
• SARKAR 3 - Upcoming Releases ( Amitabh Bachchan, Abhishek Bachchan)
• AAKHEN 2 - Upcoming Releases (Abhishek Bachchan)

Annual Ratios (%)
	1-Year	3-Years	5-Years
Growth
Revenue	25.25	14.62	17.27
Net Profit	27.80	18.32	24.49
EPS	23.01	18.34	18.36
Book Value	21.74	20.60	36.93
Average
Operating Margin	26.02	25.39	25.09
Net Margin	17.12	16.12	16.03
Return on Networth	18.46	17.77	19.89
Return on Investment	20.08	19.32	20.50

Interim Growth Ratios (%)
	QoQ	YoY	YTD
Quarterly
Revenue	5.22	95.65	5.22
Operating Profit	15.13	58.69	15.13
Net Profit	22.51	76.68	22.51
EPS	3.06	48.08	3.06
TTM
Revenue	16.25	38.86	16.25
Operating Profit	9.79	26.88	9.79
Net Profit	11.13	36.49	11.13
EPS	7.00	240.78	7.00

• Consolidated

	TTM	Mar-15	Mar-14	Mar-13	Mar-12	Mar-11	Mar-10
Income Statement							R Cr
Operating Revenue	1,652.16	1,421.17	1,134.66	1,067.95	943.88	706.97	640.88
Other Income	26.29	21.23	10.04	17.64	27.12	12.10	16.34
Total Income	1,678.45	1,442.40	1,144.70	1,085.59	971.00	719.07	657.22
Total Expenditure	1,273.93	1,072.59	834.91	841.68	730.95	550.38	527.85
Operating Profit	404.52	369.81	309.79	243.91	240.05	168.69	129.38
Interest	37.49	39.77	37.80	20.46	21.80	12.99	12.74
PBDT	367.03	330.04	271.99	223.45	218.25	155.70	116.64
Depreciation	6.63	6.89	5.02	6.45	6.00	3.82	4.39
PBT & Exceptional Items	360.40	323.15	266.97	217.00	212.25	151.88	112.24
Exceptional Items	-	-	-	-	-	-	-
Profit before Tax	360.40	323.15	266.97	217.00	212.25	151.88	112.24
Provision for Tax	85.91	76.15	73.70	61.19	63.14	33.67	29.63
Profit after Tax	274.49	247.00	193.27	155.81	149.11	118.21	82.62
Minority Interest	-9.92	0.06	6.42	-1.28	-1.27	-0.98	-0.50
Share of Associate	-	-	-	-	-	-	-
Consolidated Profit	264.57	247.06	199.69	154.53	147.84	117.23	82.11
Liabilities							R Cr
Share Capital	92.50	92.50	91.97	91.92	91.74	91.41	71.41
Total Reserves	1,389.71	1,380.21	1,110.81	890.68	740.97	573.53	164.80
Shareholder's Funds	1,482.21	1,482.21	1,208.62	986.49	834.61	670.48	237.54
Minority Interest	1.20	1.20	1.27	7.69	6.41	5.14	4.17
Total Debt	95.33	491.46	433.23	403.23	448.14	275.01	217.83
Other Non Current Liabilities	3.22	-135.93	-127.06	-112.02	-224.39	-176.24	49.81
Current Liabilities	1,429.69	1,429.69	677.37	517.42	626.95	590.92	495.92
Total Liabilities	1,581.96	1,581.96	1,310.87	1,131.92	962.54	706.65	459.54
Assets							R Cr
Net Block	1,214.13	1,214.13	1,040.83	792.27	528.78	331.99	271.97
Non Current Investments	-	-	8.00	8.00	8.00	8.00	8.00
Other Non-Current Assets	1,159.98	1,159.98	731.50	524.35	470.99	476.25	0.28
Current Investments	-	-	-	0.20	43.50	147.47	-
Cash and Bank	169.68	169.68	154.36	172.50	300.36	143.54	107.24
Other Current Assets	724.84	724.84	258.74	305.49	340.09	258.06	617.77
Net Current	-535.17	-535.17	-264.27	-39.23	57.00	-41.85	229.09
Total Assets	1,581.96	3,268.63	2,193.43	1,802.81	1,691.72	1,365.31	1,005.26
Cash Flow							R Cr
From Operations	-	933.34	871.71	647.92	405.64	426.70	329.72
From Investing Activities	-	-1,078.74	-785.77	-673.65	-682.21	-543.10	-256.41
From Finance Activities	-	32.77	6.80	-63.64	159.40	333.35	-2.18
Net Inflow/Outflow	-	-112.63	92.74	-89.37	-117.17	216.95	71.13
Key Ratios
Adjusted EPS (Rs)	28.31	26.71	21.71	16.81	16.12	12.82	11.50
Adjusted Book Value (Rs)	168.11	159.21	130.78	106.90	90.77	72.74	33.08
Dividend per Share (Rs)	-	0.00	0.00	1.50	0.00	0.00	0.00
Cash Flow per Share (Rs)	-	100.90	94.78	70.49	44.22	46.68	46.17
Debt to Equity	0.06	0.33	0.36	0.41	0.54	0.41	0.92
Current Ratio	0.63	0.63	0.61	0.92	1.09	0.93	1.46
ROCE (%)	-	20.08	20.11	17.77	21.01	23.54	30.29
RONW (%)	20.40	18.46	17.69	17.17	19.91	26.24	41.91
Operating Margin (%)	24.48	26.02	27.30	22.84	25.43	23.86	20.19
Net Margin (%)	16.35	17.12	16.88	14.35	15.36	16.44	12.57
Revenue Growth (%)	38.86	25.25	6.25	13.14	33.51	10.31	2.29
Net Profit Growth (%)	36.49	27.80	24.04	4.49	26.14	43.08	10.57
EPS Growth (%)	240.78	23.01	29.15	4.32	25.66	11.52	12.01
Book Value Growth (%)	-	22.44	22.41	18.00	25.23	181.51	49.42
Market Cues
Close Price (Rs)	371.40	401.00	169.20	172.85	180.35	136.45	-
High Price (Rs)	643.95	484.00	194.90	230.05	276.95	213.95	-
Low Price (Rs)	237.20	158.00	106.75	153.00	136.60	124.30	-
Market Cap (Rs Cr)	3,317.65	3,709.71	1,546.94	1,591.14	1,661.87	1,269.68	0.00
Price / Earnings	12.54	15.02	7.75	10.30	11.24	10.83	0.00
Price / Book Value	2.11	2.52	1.29	1.62	2.00	1.91	0.00
Dividend Yield (%)	0.00	0.00	0.00	0.87	0.00	0.00	-

TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

• Standalone

	TTM	Mar-15	Mar-14	Mar-13	Mar-12	Mar-11	Mar-10
Income Statement							R Cr
Operating Revenue	1,126.22	1,071.70	857.12	925.31	802.00	477.66	534.57
Other Income	21.62	20.38	7.23	19.14	26.99	11.87	17.43
Total Income	1,147.84	1,092.08	864.35	944.45	828.99	489.53	551.99
Total Expenditure	921.89	847.78	636.68	739.12	631.75	373.32	458.77
Operating Profit	225.95	244.30	227.67	205.33	197.24	116.21	93.22
Interest	37.53	39.81	37.77	20.62	20.43	12.05	10.92
PBDT	188.42	204.49	189.90	184.71	176.81	104.16	82.30
Depreciation	6.39	6.62	4.76	5.69	4.23	1.70	2.00
PBT & Exceptional Items	182.03	197.87	185.14	179.02	172.58	102.46	80.30
Exceptional Items	-	-	-	-	-	-	-
Profit before Tax	182.03	197.87	185.14	179.02	172.58	102.46	80.30
Provision for Tax	73.49	73.68	71.47	61.93	62.79	32.90	28.74
Profit after Tax	108.54	124.19	113.67	117.09	109.79	69.56	51.56
Liabilities							R Cr
Share Capital	92.50	92.50	91.97	91.92	91.74	91.41	71.41
Total Reserves	936.95	927.45	795.20	680.30	576.18	460.94	90.78
Shareholder's Funds	1,029.45	1,029.45	893.01	776.11	669.82	557.89	163.53
Total Debt	95.33	471.71	433.64	403.12	365.87	170.01	169.34
Other Non Current Liabilities	3.14	-118.72	-128.40	-115.14	-148.05	-77.32	48.53
Current Liabilities	742.62	742.62	479.32	414.10	508.91	457.16	343.53
Total Liabilities	1,127.92	1,127.92	993.06	908.46	783.97	582.21	332.87
Assets							R Cr
Net Block	864.71	864.71	714.11	609.66	434.79	256.26	202.89
Non Current Investments	20.43	20.43	20.42	20.41	20.41	20.41	20.41
Other Non-Current Assets	918.12	918.12	573.41	478.67	436.61	471.93	0.28
Current Investments	-	-	-	0.20	43.50	147.47	-
Cash and Bank	38.54	38.54	151.45	170.44	298.96	93.59	100.62
Other Current Assets	283.26	283.26	218.18	198.81	162.28	118.08	400.74
Net Current	-420.82	-420.82	-109.69	-44.65	-4.17	-98.02	157.82
Total Assets	1,127.92	2,125.06	1,677.57	1,478.19	1,396.55	1,107.74	724.93
Cash Flow							R Cr
From Operations	-	762.62	544.59	415.57	353.60	286.01	242.60
From Investing Activities	-	-890.70	-460.27	-524.49	-593.62	-435.36	-216.09
From Finance Activities	-	13.28	6.77	18.75	183.50	313.91	41.64
Net Inflow/Outflow	-	-114.80	91.09	-90.17	-56.52	164.56	68.16
Key Ratios
Adjusted EPS (Rs)	11.61	13.43	12.36	12.74	11.97	7.61	7.22
Adjusted Book Value (Rs)	113.83	110.26	96.46	84.01	72.81	60.43	22.71
Dividend per Share (Rs)	-	0.00	0.00	1.50	0.00	0.00	0.00
Cash Flow per Share (Rs)	-	82.45	59.21	45.21	38.54	31.29	33.97
Debt to Equity	0.09	0.46	0.49	0.52	0.55	0.31	1.04
Current Ratio	0.43	0.43	0.77	0.89	0.99	0.79	1.46
ROCE (%)	-	16.81	17.79	18.03	21.89	21.59	32.26
RONW (%)	11.29	13.02	13.70	16.26	17.99	19.47	37.80
Operating Margin (%)	20.06	22.80	26.56	22.19	24.59	24.33	17.44
Net Margin (%)	9.46	11.37	13.15	12.40	13.24	14.21	9.34
Revenue Growth (%)	22.84	25.04	-7.37	15.38	67.90	-10.65	11.65
Net Profit Growth (%)	-7.81	9.25	-2.92	6.65	57.83	34.91	7.64
EPS Growth (%)	83.09	8.63	-2.97	6.44	57.27	5.39	7.63
Book Value Growth (%)	-	14.97	14.89	15.62	20.92	240.56	46.61
Market Cues
Close Price (Rs)	371.40	401.00	169.20	172.85	180.35	136.45	-
High Price (Rs)	643.95	484.00	194.90	230.05	276.95	213.95	-
Low Price (Rs)	237.20	158.00	106.75	153.00	136.60	124.30	-
Market Cap (Rs Cr)	3,317.65	3,709.71	1,546.94	1,591.14	1,661.87	1,269.68	0.00
Price / Earnings	30.57	29.87	13.61	13.59	15.14	18.25	0.00
Price / Book Value	3.12	3.64	1.74	2.06	2.49	2.30	0.00
Dividend Yield (%)	0.00	0.00	0.00	0.87	0.00	0.00	-

TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Technical Analysis - 


Monthly Chart -

 
Weekly Chart -

Daily Chart -