Stock market analysts have maintained buy rating on Balaji Telefilms from a short-term trading perspective.

It is clear from the charts of Balaji Telefilms that after showing a multi-year low of Rs 24 during March 2009, it reversed the trend and got well.

The optimistic difference in the weekly relative strength index backed the stock's trend reversal.

Since its March low, Balaji Telefilms has been on an intermediate-term uptrend.

While trending upward, the counter conclusively penetrated its 21- and 50-day moving averages in early April and is currently trading well above Also see

On June 1, the stock came through the major resistance level of Rs 60 by gaining 16%.

The stock analysts also mentioned that during advance day of the upward movement the volumes remain up.

The daily relative strength index is featuring in the cheerful zone and the weekly RSI is pointing towards this region.

The analysts are positive on the stock for short-term.

They expect it to rally further until it hits price target of Rs 80 in the upcoming sessions.

According to them, interested investors can buy the stock on dips with a stop loss of Rs 67.

Shares of the company, on Tuesday (June 02), closed at Rs 71 on the Bombay Stock Exchange (BSE). Current EPS and P/E of the stock stood at 4.09 & 18.28 respectively.
The share price has seen a 52-week high of Rs 221.70 and a low of Rs 24.80 on BSE.