JAGRAN - a favorable setup for a TGT of 175-200NSE:JAGRAN
cmp 109
a favorable setup for a TGT of 175-200
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
JAGRAN
JAGRAN - Bullish Swing Reversal with VolumesNSE: JAGRAN is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 22% to 32% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
EXCITING BULLISH PATTERN📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising Channel
📌 Symbol/Asset: JAGRAN PRAKASHAN
🔍 Description:
Moment Stock with Strong Support. Can go long at support. Probably Cup and handle pattern in making.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
JAGRAN LONG Probability and Key Levels/**
Caution::
This is just a PROBABILITY view based on my technical analysis of chart data of recent past...
Know your risks and prefer allocating <5% of Equity capital in any Smallcap stock.
Always Consult your financial adviser before making any buying / selling decision.
Re-read and follow "Risk Management" / "Trade management" practices.
**/
Setup::
-- RSI and Price channel Breakout with decent volume post tight range.
Accumulation levels..
-- Initial buy below 69 :: S/L 63 ( may be 2 % of my capital )
-- Scale up when price sustains @ 72 - 73 : S/L 65 ( another 2 % of my capital )
-- Scale-in more if price sustains/ retraces to 75 - 77 :: Trail S/L
(Always Prefer buying in small tranches)
#JAGRAN (Radio City) .. Potential 2X opportunityJAGRAN (Radio City, Dainik Bhaskar, DNA, Mid-day etc.) stock has been hugging the bottom since last year March month..
We are seeing great upward momentum.
Targets are marked on the chart and there can be an easy 2X opportunity on this within 1-2 years timeframe. Wait to close above 65 before investing.
Also, looking at the fundamental perspective a little -
So the revenue growth is slowing down since last 4-5 years and during pandemic it took a special hit. Stock decline started along with growth decline and hit the bottom during 2020. Recently, things have been looking better since last 3 quarters and that's the reason for this move up.
Price to book is at an attractive 0.76. Plus company has lot of value in real estate (property/plant) so in case of liquidation there is upside.
Only trouble is high promoter holding is pledged..but buying at this price should cover that risk as PB is pretty attractive, however book value is never the value quoted on balance sheet so be careful there and do your own research..
tgt 80 for quick profits (invest after BO, with volumes, close above 65).. 2X target is only for experienced investors who have the tenacity and determination to follow the stock regularly and who use appropriate trailing SL..because as I said there are risks associated with it..
JAGRAN at all time supportStock : JAGRAN
CMP : 39
Current PE : 3.3
8 Years Average PE : 13.1
Entry Range : Above 40
Stop Loss : Below 36 ~ 10%
Positional Target : 50 - 55 ~ 30%
Long Term Target : 200 - 250 ~ 500%
Allocation : 5%
Pros:
High ROCE and ROE
Healthy margins
Promoters shareholding increased