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#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..
NSE:JAGRANLong
by Munchkunster
#AJANTPHARM .. A Highly optimistic - long term viewAJANTPHARM has made a rounding bottom pattern over last 4 years.. Stock is finally trading just below neckline in a symmetrical triangle.. (clearly seen on daily chart) Any bullish breakout (with Volumes) will most likely break both symmetrical triangle and neckline resistances. .which will be a very bullish move... However, it is also likely that it might get rejected and have a bearish breakout ... That would most likely lead to a handle formation over the next year or so.. I think it will be interesting to watch how this would play out.. Disclaimer: I do not know the future and neither do you .. We can only hypothesise based on what we see on the chart now.. Things might completely change in a month...
NSE:AJANTPHARMLong
by Munchkunster
Logical levels of TCS In an uptrend, when you buy in excess below value or somewhere in the bottom half of the value area, the take profit level is always at the control price. When an opportunity arises to buy just above the control, the take profit will be at the value high. The protective stop will always be below the tail of the smaller rejection value area on the lower time-frame that is used to enter the trade. The risk will always be smaller than the reward unless you are buying extremely close below the control price.
NSE:TCS
by Trade-Technique
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