Buy : Balaji Telefilms : Short Term Target

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.

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