Long Term Equity Call - BIOCON 24 Sept 2016

LONG TERM EQUITY PICK - BIOCON LTD. (BIOCON)

CMP - 962.45

Past one year Trend - 100% return

1. Moving Averages (5, 10, 20, 50, 100, 200) - Suggest Strong Buying option not only for Short Term but for long term as well.
2. Overall Technical Indicators suggest Strong Buying.
3. RSI (14) - Overbought
4. MACD (26,12) - Suggests buying
5. William %R - Overbought
6. Bull/Bear Power (13) - Suggests Buying
7. Has shown constant growth in terms of Revenue and Net income in past 4 years at least.
8. PE Ratio of 32.04 as against Industry PE of 50.33 - Cheaper than other stocks in industry.
9. Net Profit margin of 17.25% against Industry's 16.25% - Profitable than others.
10. Cash flow per share of 45.07 is higher than Industry's 39.03.

Overall Technically and Financially, go LONG on BIOCON.

Target 1 - 1050---1100

Target 2 - 1300-1400

Stop Loss - Looks week only below 725.

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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