Adani Transmission Analysis

Adani Transmission (CMP - 126.80)

Technical and Financial Analysis

Past 6 months' daily trend

The above graph clearly shows a Wave 3 formation (Elliot Wave). With already 75% return on Wave 3, we can expect Wave 4 correction upto a mark of 110-105 and then formation of final Wave (Wave 5) with a target of 160-170 levels.

All time weekly trend

The weekly charts for all-time data show that AdaniTrans is still on its Wave 1 and we can expect huge return in long run if financially everything goes well!

Technically, AdaniTrans is a sound investment stock.

Expected performance!

Coming to financial Indicators - 

The company has shown impressive growth in term software Revenue and Profit. With a 44.96% growth in quarterly revenue for quarter ending March 2017, it has shown a growth of 371% in Profits. EPS rose from 0.07 to 0.34.

With 74.92% shareholding resting with Promoters and 20.39% with Institutional Investors, it makes this stock an eye candy. This shows high potential growth in this stock.

With the stock being in its initial stage and showing positive signals from all sides, this can be expected to be a multi-bagger.

Note - I myself hold some investment in this stock! Invest at your own risk. This is just a personal analysis and cannot be taken as a guarantee for rise in prices.