your work was quite helpful. Do you think TV18 broadcast is overvalued as its PE ratio is very high? Will it go further down below 27.7 or it moves upwards? Let me know your opinion
midhunthambi293
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Hi @meghanasweety0210, Let me explain this, since we are not looking for an investment which takes years we dont have to look into other financial terms such as PE ratio and all. we are here just trying to trade with the trend. there is always a chance for breaking that support or reversal from support, its a 50 -50. but the thing is u get a good risk reward ratio when u buy on a support, u can place the SL just below the support and Target as next resistance. btw if u r looking for an invest in media sector, this is not a good stock at all interms of financial parameters.
shanmugampraveen6
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this is really super i daily checked yor views before i go to trading i am fresher its really helful to me post your view daily please
midhunthambi293
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@shanmugampraveen6, thanks alot brother, im just posting my views and patterns formed by stocks, decision is all yours, but kindly like and support if u find these views helpful. thanks again :)