Unconventional setup & high risk trade
Fundamental View
DB Corp has said to be the third largest newspaper brand in India. During covid, newspaper distribution was a huge problem & many paper-print-based companies saw disruption in their business operations. Now when we are getting back to our normal routine, these media houses can see a re-rating because of the following reasons:
=> End of pandemic = more sales of newspaper
=> Pick-up in advertisements (push-marketing) as economic growth is slowing down across the globe.
=> Positive management commentary
=> High dividend payout
Major Investors: Promoter group, Nalanda, HDFC small cap fund (Source: Screener.in)
Graham Number: Rs 163
P/E: 9.48
Latest transcript:
bseindia.com/xml-data/corpfiling/AttachHis/e76717df-bc08-4e00-ae3f-3d810562d0b1.pdf
Technical
=> The stock has been in a downtrend since 2018 & has formed a "falling wedge" on the weekly chart
=> In 2020, after the free fall of markets, the stock had made a bottom & has been making potential rounding bottom patters (These rounding bottoms look small but are made over a period of a month)
=> The stock has also witnessed extraordinary volumes from 2021, which indicates, probable accumulation by strong hands
=> 115 can act as short-term resistance
Trade:
High-Risk Trade: DB corp can be bought at CMP, i.e: Rs 105, SL of 20% & target of Rs 160 & can be revised later.
(Daily time frame analysis with - low risk, will be shared shortly )
DB Corp has said to be the third largest newspaper brand in India. During covid, newspaper distribution was a huge problem & many paper-print-based companies saw disruption in their business operations. Now when we are getting back to our normal routine, these media houses can see a re-rating because of the following reasons:
=> End of pandemic = more sales of newspaper
=> Pick-up in advertisements (push-marketing) as economic growth is slowing down across the globe.
=> Positive management commentary
=> High dividend payout
Major Investors: Promoter group, Nalanda, HDFC small cap fund (Source: Screener.in)
Graham Number: Rs 163
P/E: 9.48
Latest transcript:
bseindia.com/xml-data/corpfiling/AttachHis/e76717df-bc08-4e00-ae3f-3d810562d0b1.pdf
Technical
=> The stock has been in a downtrend since 2018 & has formed a "falling wedge" on the weekly chart
=> In 2020, after the free fall of markets, the stock had made a bottom & has been making potential rounding bottom patters (These rounding bottoms look small but are made over a period of a month)
=> The stock has also witnessed extraordinary volumes from 2021, which indicates, probable accumulation by strong hands
=> 115 can act as short-term resistance
Trade:
High-Risk Trade: DB corp can be bought at CMP, i.e: Rs 105, SL of 20% & target of Rs 160 & can be revised later.
(Daily time frame analysis with - low risk, will be shared shortly )
İşlem aktif
Now trading at Rs 133, may book partial profit (First P&F target)Next target Rs 160, Sl can be trailed now as per avg buying price.
İşlem aktif
Now trading at 305+ Level, the Next target should be all-time high.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.