HATHWAY IS TRADING AT A VERY STRONG SUPPORT OF 23.40.
Hathway Cable & Datacom Ltd is an Indian cable television service operator based in Mumbai. Company's future is very bright and a very big hand, i.e. Reliance Jio Infocomm Limited (JIO) is having a big stake of 53% in this company. Also, FII's has increased their shareholding from 3.28% to 5.84%, and DII's from 5.62% to 6.96% . So concluding, both Fundamentals and Technicals are saying us to buy the stock.
One can make an entry at current market price of 23.55 by keeping a stop loss 22 on a closing basis.
Potential Target can be 56 (138%).
Maximum time to achieve the given target could be 6-7 months.
One can make an entry at current market price of 23.55 by keeping a stop loss 22 on a closing basis.
Potential Target can be 56 (138%).
Maximum time to achieve the given target could be 6-7 months.
Nota
I made an entry at a lower price than expected while analyzing the stock. Although my Stop Loss and Target remains the same at 22 (closing basis ) and 56 respectively; my Risk to Reward ratio has increased.
Nota
Safe Traders can now enter, as the stock has shown a good reversal sign from the bottom level.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.