The largest advertising platform in cinemas,in India, is set to see a growth in its business as the lockdowns are lifted and people get back to the theatres.
It has a network of more than 5000 screens in India.
As far the price movement is concerned, it has been in a range since the pandemic hit while the other entertainment stocks have rallied quite a bit compared to their 52-week low.
This stock is still available at a comparatively cheaper price and also trading close to its book value. The recent spike in the volumes suggests a strong breakout in near future.
Increasing delivery percentage and RSI strength are adding to the possible chances of breakout.
However, a concern being an insider trade where more than 1% of the shares being sold.
Once can go long as per the given targets and stop loss if one bullish on the entertainment sector keeping in mind that the sector revives after the uncertainty settles down.
#TradeTheTrend#MicroCap#ThemeBased#MultiBagger
It has a network of more than 5000 screens in India.
As far the price movement is concerned, it has been in a range since the pandemic hit while the other entertainment stocks have rallied quite a bit compared to their 52-week low.
This stock is still available at a comparatively cheaper price and also trading close to its book value. The recent spike in the volumes suggests a strong breakout in near future.
Increasing delivery percentage and RSI strength are adding to the possible chances of breakout.
However, a concern being an insider trade where more than 1% of the shares being sold.
Once can go long as per the given targets and stop loss if one bullish on the entertainment sector keeping in mind that the sector revives after the uncertainty settles down.
#TradeTheTrend#MicroCap#ThemeBased#MultiBagger