Long Term Equity Call - SHIVTEX 23 Sept 2016

LONG TERM EQUITY PICK - SHIVA TEXYARN LTD (SHIVTEX)

CMP - 174.85

Past one year Trend

1. Moving Averages (5, 10, 20, 50, 100, 200) - Suggest Buying option not only for short term but for long term as well.
2. RSI (14) - Overbought Stock
3. MACD (26,12) - Suggests buying
4. William %R - Overbought Stock
5. Bull/Bear Power (13) - Suggests Buying 
6. Past 1 year trend shows the consistent growth with corrections in between. Current Support at 132. Next Resistance level expected to form at  185--190 levels.
7. PE Ratio of 31.92 as against Industry PE of 306.38 - makes stock way more cheaper than other stocks in the same industry.

Overall Strong Technicals and Neutral Financials, suggest to go LONG on SHIVTEX.

Target 1 - 185--190

Target 2 - 250+

Stop Loss - Below 145.

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 One

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