Dish TV: ₹ 103.65 Next Resistance is at ₹116.Dish TV is having a breakout from a symmetrical triangle with huge volume, also referred to as a coil, usually forms during a trend, contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape, like a contracting wedge, wide at the beginning and narrowing over time.
Dish TV: ₹103.65 Next Resistance is at ₹116. On crossing this level the stock can reach to all time high.
Support: ₹98
Mypicks
Praj:81.25 We are currently in bull run wave [3]Praj Industries Ltd:81.25
On completion of the correction, next Resistance will be ₹120
and in long term, targets will meet a ₹296 ₹358 & even ₹460 Fibonacci projection levels.
stop loss on completion wave (2) can be end at 64 or 55.
The 2008 top ₹268 concluded a primary wave 1] with an extension in its inter mediate wave (5), made a drastic fall , correcting the entire wave (5) with a Double Zigzag ending at ₹31. Its further advancement looks like a bullish move following the classic rules, assuming that we are in sub wave (2) correction, and on completion of that, wave (3) will open up.
We are in wave 3], will have a huge gain in long term view.
Short term: abc correction ₹ 55.00
Jindal Poly Films Ltd: ₹420 (omg) A Fundamental Call,Target ₹700Jindal Poly Films Ltd:
Current Price: ₹ 420 (omg')
Market Cap.: ₹ 1,851.73 Cr.
Book Value: ₹ 607.70, PE Ratio 5.42
Return on capital employed: 21.38%
Quick ratio: 1.05
Dividend Payout: 1.20%
Number of equity shares: 4.38 Cr.
Annual Sales:2644 Cr. EPS: ₹ 78.78 Expected EPS: ₹ 112.08
Cash end of past year: ₹ 99.82 Cr. Cash end of last year: ₹ 110.31 Cr.
Price to Cash Flow: 2.97.
Everything looks fine,at the current price the stoke is under valued, and find it is far better than its peers like Aarati, Alkalies or Tatachem'.
This numbers are Extracted from the internet, if it is true the stock worth ₹ 5000.
Sintex:111 in Primary wave[3] expected 253 to 370 in long termPrimary wave 1 concludes at 134.2 with 117.70 points
gain in 18 month.wave corrected 62% in time & price.
wave 3 in expected 253 to 370 minimum range.
In principle a primary wave takes a couple of years to complete.
Time frame could be 18 month or x 1.618 or x 2.618 or anything like that,
normally wave 3 concludes very swift.
(primary wave labels in square bracket doesn't appear.)