Technical Analysis of Indian Stocks: TV Today Network Limited (NSE India) on 5 April 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: TV Today seems to be reversing from a Double Bottom ~250. After breaking a down-trend line, it formed a flag and is then making a bullish move. 250 would have been a safer entry point.
Prediction: If it can break overhead resistances, ~320 is a possibility (with SL @ 255).
Fundamental Data: It seems to be a growth company . . .
|
Mn
INR
|
2014
|
2015
|
2016
|
|
Sales
|
3 882
|
4 747
|
5 421
|
|
Operating
income (EBITDA)
|
1 093
|
1 317
|
1 463
|
|
Operating
profit (EBIT)
|
-
|
-
|
1 158
|
|
Pre-Tax
Profit (EBT)
|
932
|
1 229
|
1 473
|
|
Net
income
|
613
|
810
|
943
|
|
P/E
ratio
|
11,4
|
16,1
|
19,6
|
|
EPS ( INR )
|
10,3
|
13,6
|
15,8
|
|
Dividend
per Share ( INR )
|
-
|
1,50
|
-
|
|
Yield
|
-
|
0,69%
|
-
|
|
Reference price (INR)
|
117.9
|
218.55
|
310
|
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