MEDIA is one sector which I have always thought of as one of the most undervalued sectors in recent times... Especially when we talk about multiplexes like INOX Leisure... With 'Bollywood' movies putting one after the other hits, fundamentally things should be quite good...
Well but as good analysts let us track what the price says ... There is a clear break out from a 'triangular' formation and I expect that the current upmove should continue - even if markets consolidate.
Buying near to Rs 67/- with a Rs 10 stoploss whould give us an upward potential price of Rs 90 and Rs 110/-..
The next time you watch a blockbuster - think of your Inox stock !!
CA Rajiv D Khatlawala
ValueTrade Academy Pvt Ltd.
1 comment:
Rajeev, your EssarOil call has been spot on so far...holding since 150 and added more at break of 162..looking for a target around 185 as you mentioned (25% gain from initial entry point). Again, thank you so much. Keep up the good work.
Btw, are you tracking gold? Although, international prices have bottomed and have moved up, we are still stuck in a range due to weakness in Dollar. Any particular break out point that we could get into longs?
Thanks and have a great weekend.
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