tv 18 – the stock has become a darling of traders.
Will we see another 10-15% jump on a breakout above 34.5-35. Seems possible
TV 18 Broadcast – Triangle Breakout on cards.
{ 4 comments… add one }
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January 2, 2013, 21:56
About two years back you used to track Camlin before Japanese co purchased majority shares at RS110.Do you find chance of turn around and value at Rs46 Thanks and best wishes for New Year Avinash
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January 4, 2013, 11:52
Hi Avinash,
We had recently initiated a trade reco at 40-41 but booked out at 48-50. Technical indications are clear. One can buy at 40-44. Yes if you have a longer term vision of 6-12 months and patience there is definitely a good opportunity in this.
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January 3, 2013, 09:17
Hi Nooresh,
Any view on Sterlite Technologies your old pick?I am still stuck in that from 39 levels.
Can you throw some light and let me know if I should book losses and switch or still hold?
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January 4, 2013, 12:44
Hii Nooresh,
Good call on TV-18.
Pls have a look @ chart of TV-18 for last 1 year.. 37 has acted as a major resistance for the stock. It has broken the resistance with large volumes.. Deosn’t it signal a breakout?? What can be the potential upside? Also fundamentally things are changing for TV-18 due to digitization and the recent debt reduction
Regards
Rohit
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About NooreshTech
Nooresh Merani - An IT engineer by qualification and Advisor/Trainer by profession.
Founder - Analyse India.
Also consults for an institutional broking firm.
I have been blogging for the last 8-10 years with detailed, crisp and accurate views on Indian Stock Markets as well as global indices and commodities.
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Writing actively on this blog for 8-10 years now
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