Long Term Equity Call - ADANITRANS 24 Sept 2016

LONG TERM EQUITY PICK - ADANI TRANSMISSION LTD. (ADANITRANS)

CMP - 40.00

Past 1 year trend

1. Moving Averages (10, 20, 50, 100, 200) - Suggest Buying option for long term as well.
2. Overall Technical Indicators suggest Strong Buying.
3. RSI (14) - Suggests buying
4. MACD (26,12) - Suggests buying
5. William %R - Overbought stock
6. Bull/Bear Power (13) - Suggests Buying 
7. Recent trend (3 months) show a change in previous trend where it was fluctuating between 28 and 40. Currently with its resistance at 40 and support at 33, it is expected to break its resistance soon enough and might set next resistance level near 60-64.

8. 

   Increasing Revenue and Net Income - Indicate Growth

9. PE Ratio of 9.74 as against Industry PE of 20.03 - Cheaper than other stocks in industry.
10. With a current Net profit margin of 19.1% against 19.15% of industry makes the stock quite profitable at same levels with industry.
11. With a high growth of EPS from previous year (316%) it is a good long term holding equity for Investors.

Past 6 months Trend

Overall Technically and Financially, go LONG on ADANITRANS.

Target 1 - 60--64

Target 2 - 95---105

Stop Loss - Week Below 28 only

Keep a watch on your investments since the market is uncertain and highly volatile. The stocks show corrections in Long phases. Patience is key for Long Term investments.

The stock is JUV's Choice for a suitable portfolio and so has been added in JUV Portfolio Two

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