NSE:SAREGAMA
WAIT FOR WEEKLY CLOSE OF CANDLE
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits...
Looks like the consolidation period is over and the stock is ready to shoot with good volume. Crossed trendline with big body candle on weekly timeframe.
🔥 20% Upside Potential idea - NSE:SAREGAMA
This Trade Ideas is a type of Equity Investment which is designed to give you 10% to 20% return in short-term via #Equity #Investment.
✅ Stock Name - NSE:SAREGAMA
Trade Process :-
✅ - Buy only at Buy Level as recommended in the chart. Use GTT feature available with all online brokers
✅ - On successful purchase,...
In Weekly Time Frame the stock is trying to give breakout from a channel pattern which can be also consider as a flag.
The study is clearly mentioned in the charts.
Here we can see a Trade idea in NSE:SAREGAMA
Saregama India Ltd. is a holding company, which engages in the manufacture and sale of music storage device. It operates through the following segments: Music; and Film, TV Serials, and Events. The Music segment includes the manufacture and sale of music storage device, such as carvaan, mini carvaan, music card,...
SAREGAMA is giving Trendline and Resitance BO, all the supply zones above are already tested, one can initiate a short term swing trade at CMP for first target of 500. Good Volumes can be seen and a new ATH is very much possible from here.
🚀 CONVICTION IDEA: Saregama India Limited Analysis Report 📊
CMP: ₹345.70
TARGETS: ₹380 - ₹396 - ₹435 🎯
STOP LOSS: ₹325 🛑
Introduction: 🎶
Saregama India Limited (SIL) – India's oldest music label since 1902, a media and entertainment conglomerate. This report delves into SIL's business model, revenue streams, and growth prospects.
Business Model: 💼
Content...
If 7% SL is affordable risk.... i am using weekly Bollinger as trailing stoploss.
Saregama is the oldest music label company from India (established 1902, erstwhile "Gramophone Company of India" & then "HMV"). The company is aiming to be a pure-play content company supported by the global consumption boom.
Since 2017, Saregama has been making headlines again...
It remains one of the best franchises as a play on digital india consumption.
If one were to truly look at the business segments, the cream is in licensing revenue - growing 25-30% YoY and has a 65% margin
The strength lies in the catalogue of the entire IP library with significant competitive advantage
Sitting on ~900 cr. of cash, we might see M&A shooting...
It remains one of the best franchises as a play on digital india consumption.
If one were to truly look at the business segments, the cream is in licensing revenue - growing 25-30% YoY and has a 65% margin
The strength lies in the catalogue of the entire IP library with significant competitive advantage
Sitting on ~900 cr. of cash, we might see M&A shooting...
As per my analysis, NSE:SAREGAMA buy level is 367 with stop loss of 356 (-11 Points). My expected upside target will be 378 & 407.
This could be low risk and high reward idea.
Note: This is my personal analysis, only for learning. Thanks.
