TV Today Share analysis

30 Sep 2023

TV Today has decent financials and pays regular dividends.....But will they be able to face challenges that come with digitization? That is a serious question as it will affect their business going forward. But I'm looking at this 70% bias on technical analysis and only 30% bias on fundamental analysis. I'm initiating positions in this stock but target would be 450+ based on the chart patter, provided it sustains above 125 in the next few weeks/months. If it breaches support then free fall....But lets hope thats not the case...I'm exposing only 5% of my capital on this stock and will increase it to 10% max to average out...