Showing posts from January 15, 2016

Saregama India

SAREGAMA (314) - Hope and support 330-300
But trade and stays below that 
Ultimate Downside Target 192--182



Cantabil Retail India

CANTABIL (70) -  After almost 9 months consolidation , now the price movement shows next round of operation is getting ready for another up move.
Now resistance 77--83
but thereafter  
potential upside  102--114

Rs.115 Cr. Mar. Cap. company. 
Is it real turn around story ? or  Exploiting the recent micro cap. craziness !
Came out IPO and collected 105 Cr in Oct. 2010 (issue price 135) until then showed profit but after wards in another three years (between 2011-12 to 2013-14) showed or incurred loss of 67 Cr. and last year showed some profit.
During this period, price came down from 125 to 15 , hovering around this price until 2014 first quarter and now at  70+
*** Below chart explain even better  (click the chart to get the zoom view)

Note : Each and every stock movement will have  some kind of beautiful or ugly story behind it. Understand the undercurrent. Always, Price is the Prime.