Technical Analysis of Indian Stocks: TD power Systems Limited (NSE India) on 26
March 2017
This is no buy/sell recommendation - just a trial to see if
Technical Analysis (works to an extent) in NSE – India.
First let us look into the Technicals: After reaching low of 153
on 28 Feb 2017, TD power reversed (both in weekly and daily charts).
Daily Chart: After about a week, it increased on huge volume that took it to
~194.
Then after 50% Fibo retracement (on low volume), a Bullish Engulfing Candle on
High Volume on 24 March '17 is suggesting further bullishness.
Prediction: Next move could take it to around ~200; SL: 175
Fundamental Data: Revenue increased in ’15 but profit decreased.
If it can increase profitability, then further rise could be expected.
Actual in M INR
|
||
Fiscal Period March
|
2014
|
2015
|
Sales
|
4 802
|
5 974
|
Operating
income (EBITDA)
|
198
|
141
|
Operating
profit (EBIT)
|
48,7
|
-147
|
Pre-Tax
Profit (EBT)
|
354
|
59,6
|
Net income
|
224
|
-8,28
|
P/E ratio
|
40,1
|
-1 435
|
EPS ( INR )
|
6,74
|
-0,25
|
Dividend per
Share ( INR )
|
2,30
|
2,65
|
Yield
|
0,85%
|
0,74%
|
Reference price
( INR )
|
270
|
358.75
|
Note: Data collected from Internet (I am not sure about the accuracy)!
Weekly Chart
Daily Chart
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