Technical Equity Pick - TATA Communications 2 Oct 2016

LONG TERM EQUITY PICK - TATA COMMUNICATIONS LTD. (TATACOMM)

CMP - 564.15

Past 2 years weekly trend

Currently forming "Rising Three Methods" Trend with Bullish Engulfing 

1. Strong buying Technical Indicators.
2. Moving Averages (5, 10, 20, 50, 100, 200) - Suggest buying
3. RSI (14) - Suggest buying
4. MACD (26, 12) - Suggest buying
5. William% R - Suggest buying
6. Bull/Bear Power - Suggest buying
7. Good long term technicals.
8. HAs shown stable growth in terms of Revenue and Net Income.
9. With a Gross margin of 50.93% as against Industry's 70.13% - makes financially weak BUT has a revenue per share of 717.37 against Industry's 233.3 only.
10. High upside potential in long term
11. Cats Flow per Share is 74.39 against Industry's 50.96 - Better performance than industry.

Past 6 months trend

Go long on TATACOMM


Target 1 - 600+

Expected corrections up to 545--540

Target 2 - 630---640

Stop Loss - If closes below 510.

Long Term investment stock. Can be expected to give better returns in near future.

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