After a long break from my blog, Let us focus on my next pick from Movies and entertainment sector.
Prime Focus Ltd CMP 115 has broken on a weekly chart after a sideways consolidation of almost 9 months. It was moving in range of 90 to 115. One can buy Prime Focus once it gives a confirmation by trading above 116 for an hour, a strict stop loss of 107 should be considered to cut down the position on a closing basis for an initial Target of 165 and 200 in next 3 and 6 months respectively. CMP is clsoing price on 22nd of December 2017
Fundamentally, Prime focus looks good having fair valuation with Positive financial Trend having good last couple of Quarters.
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Prime Focus Ltd CMP 115 has broken on a weekly chart after a sideways consolidation of almost 9 months. It was moving in range of 90 to 115. One can buy Prime Focus once it gives a confirmation by trading above 116 for an hour, a strict stop loss of 107 should be considered to cut down the position on a closing basis for an initial Target of 165 and 200 in next 3 and 6 months respectively. CMP is clsoing price on 22nd of December 2017
Fundamentally, Prime focus looks good having fair valuation with Positive financial Trend having good last couple of Quarters.
If this post has helped you, please subscribe to my blog and Twitter handle: "@rd4valueinvest". Share your feedback.
Useful information like these are really helpful to know more about market. Guidance of market experts and their views on mcx tips helps traders to improve their returns.
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