Long Term Equity Call - SHILPI 04 Oct 2016

LONG TERM EQUITY PICK - SHILPI CABLE TECHNOLOGIES LTD. (SHILPI)

CMP - 204.30

Past 2 years weekly Trend

In past 5 months, the stock has continuously been in bullish phase.

1. Moving averages (5, 10, 20, 50, 100, 200) - Recommend buying
2. RSI (14) - shows the stock is overbought for past 5 months
3. William % R - also shows overbought stock for past 5 months
4. MACD (26,12) - Suggests buying.
5. Bull/Bear Power (13) - Suggests buying too.
6. Overall Technical Indicators strongly suggest buying.

7. 

   Has shown tremendous growth in terms of Revenue and Net Income

8. P/E 12.76 as against Industry's 17.04 - Comparatively Undervalued
9. Net Profit Margin of 4.9% against Industry's 3.96%
10. Cash Flow per share is 17.54 against industry's 2.04 only.

GO LONG, EXPECTED TO TOUCH 700 LEVELS INA FEW MONTHS.

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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