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DEN NETWORKS LTDDEN NETWORKS LTDDEN NETWORKS LTD

DEN NETWORKS LTD

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DEN trade ideas

Den Networks LimitedTechnical Analysis:- - Stock All time low near 25. - Stock reversed from 25 making a double bottom. - High Volume seen in the Stock in past few months. - Major Support Zone is 46 to 56. - 4th time the stock is near Resistance Trendline. - Breakout Above 70 is possible with this high volume. - Support at 56-46-25 - Resistance at 100-190-240 Fundamental Analysis:- Market Cap ₹ 2,968 Cr (A Small Cap - Scope of Rise) Stock P/E 11.4 Industry PE 56.1 (Stock PE is Below Industry PE - Scope of Rise) Current Price ₹ 62.2 Book Value ₹ 69.0 (Stock Below its Book Value) Graham Number ₹ 93.6 (Stock Below its Graham Number) ROCE 2.97 % ROE 6.01 % Promoter holding 74.9 % (Good Promoter Holding - Shows Promoters faith in the Company) Pledged promoter 0 % (No Promoter Pledged - Positive Sign) Debt 7 Years Ago ₹ 854 Cr. Debt 5 Years Ago ₹ 530 Cr. Debt 3 Years Ago ₹ 213 Cr. Debt in 2023 ₹ 26.6 Cr. - Continuously Reducing Debt from Last 7 Years. - Debt is too less as compare to Market Capital. - Now Its Debt Free Company. - It has Largest Subscriber Base amongst all cable players in India. - A Subsidiary of Reliance Industries - holds 75% stake in the company as of Financial Year 2023. Levels:- Buy @ 56-60 Accumulate More from 56 to 46 Positional Target - 100. Long Term Targets - 190 & 240. Stoploss 40. This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered. Happy Trading :-)
NSE:DENLong
by MasterTrader1949X
DEN Analysis & PredictionThis is the analysis of DEN in Weekly Time Frame. Watch carefully. The chart explains itself. I have already posted DEN Network analysis on daily time at 49 level. You can check and do according to that analysis also. There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown. Always maintain your risk management. Book your profit according to your “STOMACH”. Disclaimer: This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade. Happy trading. About DEN : DEN Networks Ltd. is a holding company, which engages in the distribution and promotion of television channels through digital cable distribution network. It operates through the Cable and Broadband segments. The Cable segment includes distribution and promotion of television channels. The Broadband segment offers internet services. The company was founded by Sameer Manchanda on July 10, 2007 and is headquartered in Mumbai, India.
NSE:DENLong
by suraranjanganguli
DEN Network - Multiyear BreakoutDEN Networks Limited is a cable television distribution company. The Company is engaged in distribution of television channels through analog and digital cable distribution network and provision of broadband services. TTM EPS: 5.71 TTM PE: 8.25 P/B: 0.75 Face Value: 10 Mkt Cap (Rs. Cr.): 2,247 Sector PE: 30.81 Book Value Per Share: 63.15 Positives: Strong Momentum: Price above short, medium and long term moving averages Company with high TTM EPS Growth Growth in Quarterly Net Profit with increasing Profit Margin (YoY) Company with No Debt Book Value per share Improving for last 2 years Company with Zero Promoter Pledge FII / FPI or Institutions increasing their shareholding Near 52 Week High Stock with Low PE (PE < = 10) RSI indicating price strength High Volume, High Gain Negatives: Inefficient use of capital to generate profits - RoCE has declined in the last 2 years Decline in Net Profit with falling Profit Margin (QoQ) NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks
NSE:DENLong
by babutaaniket
DEN Bullish; above 55.50 on Tuesday 07 Nov. DEN Bullish; above 55.50 on Tuesday 07 Nov. The above information does not constitute financial/investment/trading advice or recommendation and it is purely for educational purpose. SWING Trading Strategy: One may enter into a position only upon stock closing above the entry price on day closing basis and hold on for 5/10 trading sessions for larger gains INTRADAY Trading Strategy: 1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again. Both Safe Traders/High Risk Traders may book profits at this stage Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice" This do not constitute, financial, investment, trading, or other types of advice or recommendation.
NSE:DENLong
by JJ_Breakouts