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Monday, 27 November 2017
Sunday, 5 November 2017
TVTODAY - Possible Breakout of a Triangle Pattern
TVTODAY is the stock selected based on the technical breakout and Strong Fundamentals.
Hence good to hold Mid term - Long term purpose.
Market Cap - MidCap
Sector - Services
Industry - Media & Entertainment
Selection Criteria -
Technical -
* RSI above 60
* Good Volume
* Positive Reverse Diversion
* Good Primary movement support with Good volume
* Possible 5th wave as per Elliot wave theory
Fundamentals -
* Zero Debt Company
* Attractive PE 20.95
* 1st Quarter result was weak but expecting good Result (as per technical parameters)
* Maintaining 3 years ROE 18.11%
* Operating Profit Margin - 33%
* Promoter Holding more that 50%
* Reserved - 596 cr.
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