Long Term Equity Call - MANALIPETC 05 Oct 2016

LONG TERM EQUITY PICK - MANALI PETROCHEMICALS LTD. (MANALIPETC)

CMP - 40.15

Past 1 year trend

Three Inside Up and Harami Bullish Formations

1. Moving averages (5, 10, 20, 50, 100, 200) - Recommend Strong buying
2. RSI (14) - Suggest Buying
3. William % R - Overbought stock
4. MACD (26,12) - Suggests buying.
5. Bull/Bear Power (13) - Suggests buying too.
6. Overall Technical Indicators strongly suggest buying for short as well as long term.
7. High Growth potential with increasing Net worth.
8. P/E 16.15 only as against Industry's 62.66 - Quite Undervalued
9. 5-year EPS growth rate is of 13.66%
10. 5 year average dividend yield is 3.91% as against Industry's average of 1.23%.

Past Two year weekly trend

BROKE IT'S RESISTANCE AT 34-34.5 AND MOVED UP.


Target 1 - 50--52



Target 2 - 64--68

Stop Loss - Below 24

GO LONG, EXPECTED TO TOUCH 100 LEVEL IN A FEW MONTHS. HIGHLY POTENTIAL STOCK.

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.

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