Marketcalls
Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

Buy : Balaji Telefilms : Short Term Target

35 sec read

Buy : Balaji Telefilms
CMP : Rs 197.35
Target : Rs 220 & 250
Time Frame : 1-2 month
Stop loss : Rs 172
Potential Upside : 10% and 25%
 
Balaji Telefilms is a production house based in Mumbai, India, and is promoted by Jeetendra, Shobha Kapoor, and Ekta Kapoor. It has produced a number of famous serials in India and has become the largest television production house in South Asia, Southeast Asia and the Middle East.


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Please click the charts to get Enlarged

 
 
Simple Technicals :
 
1)Huge Consolidation Between 165 to 180 and a breakout with huge volumes can lead this stock to a target of 220 and 250
 
2)13,34 50 EMA(Exponential Moving Average) are also showing bullish signal
 
3)MACD Already bullish  and increasingly bullish from may 20 onwards shows a clear buy signal
 
 
Balaji Telefilms remains a huge valuable pick at this time
 
Please kindly follow strict stop loss
 
 

Recent News :

Star likely to divest its 25.9% stake in Balaji Telefilms – Posted: Fri, Jun 6 2008. 11:08 PM IST

Source:
www.marketcalls.in
Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
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