# TV18 Broadcast Price is trading in nearby 4hr support area and waiting for any bullish candlestick formation and watch the next candle close the previous candle its will move to the next level resistance area
Why we like it:
Price is trading in nearby 4hr support area
moving to the next resistance area
waiting for bullish candlestick confirmation
1st support:
35.00
Next Zone area & horizontal swing Low support
1st Resistance
55.00
Zone area & horizontal swing high resistance
FUNDAMENTALLY STRONG FOR LONG TERM MAY RETURN 400% ( TV18 Broadcast)
1.Why we have to choose this stock as This stock has the book value of Rs.31.21 and the stock is trading near book value.
2.PE ratio of the company is 11.26 which is below 10 and also below its sector PE of 29.15.
3.Debt to equity ratio is low 0.21 which is decreasing every year.
4.PEG ratio is 0.21 which is very good.
5.EPS growth stands at 53.02% which is very high and good
6.Piotroski score of the stock is 8 and increasing ever year.
7.Stock has reached the all time high of 215 which will be 400% from current price and has the ability to do again.
Why we like it:
Price is trading in nearby 4hr support area
moving to the next resistance area
waiting for bullish candlestick confirmation
1st support:
35.00
Next Zone area & horizontal swing Low support
1st Resistance
55.00
Zone area & horizontal swing high resistance
FUNDAMENTALLY STRONG FOR LONG TERM MAY RETURN 400% ( TV18 Broadcast)
1.Why we have to choose this stock as This stock has the book value of Rs.31.21 and the stock is trading near book value.
2.PE ratio of the company is 11.26 which is below 10 and also below its sector PE of 29.15.
3.Debt to equity ratio is low 0.21 which is decreasing every year.
4.PEG ratio is 0.21 which is very good.
5.EPS growth stands at 53.02% which is very high and good
6.Piotroski score of the stock is 8 and increasing ever year.
7.Stock has reached the all time high of 215 which will be 400% from current price and has the ability to do again.