BALAJI TELEFILMS

NSE

BALAJITELE

Content king of India. Huge catalogue of content. Strong partnership with most TV channels and now Jio. Bottoming out? Wouldn't take a big position but would take a small entry with SL below marked price. (Rs. 78)

Balaji just tested 13/34 EMA & Above 144 Slow moving average. ABCD pattern in process. Target 235 + strict Stop loss below 140 aka C level.

RSI is showing negative divergence

Balaji Telefilms is having gradual and steady growth from april 2017. Price action has formed rounding bottom and now break out is happening. We can invest in this stock above 145. I expect this stock to gain another 50 to 70 points in 6 months to one year. Always consult your financial manager before investing.

Price is about to breakout from an ascending triangle formed on Balaji Telefilms. Good opportunity for long entry. Enter only if price breaks out and closes above the triangle. #Target 1: 102 #Target 2: 112 Happy Trading!!!