Date of Identifying the Trade: 24 Feb 2017
Entry Date: Buy Stop Order is placed
Stock: TV18BRDCST (TV 18 Boadcast Ltd)
Current Price: 39.90
Entry Price: 42.51
Time Frame: Monthly
Order Type: Buy Stop
Type of Trade:
Reason For Trade:
Stock is in an uptrend
Price had hit 50 and moved up
is at 50. However should break 50 level
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:http://www.bseindia.com/corporates/shpPublicShareholder.aspx?scripcd=532800&qtrid=92.00&QtrName=December%202016
has decline and is increased in the month of Feb 2017
Target 1: 45.88
Target 2: 48.73
- 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 is breaking the drawn on
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.
Please do let me know if you want to analyze any stock.