BCG - Brightcom Group - An Opportunity to Buy & HoldAs per previous chart history and technical analysis, BCG is ready for a Bull rally. You can buy at CMP@13.20 or wait for a reversal from the pullback zone between 9.25 - 12.50
I suggest Buy on every DIP to accumulate average
Do your own research before buying this stock because I am not SEBI registered person to suggest any stock
Thanks for your support as always
BCG trade ideas
BCG - AnalysisBCG - Analysis as requested by one of the tradingview user.
As per my analysis, currently stock is not ready for investment, wait till closing for the day above 21 for new entry, for existing share holder can hold with Stop loss of 14 or 10.
BCG- Buy Above 21 add more above 29
Target around 38 then 45 to 52 then around 66
Note :- Some profit booking may come around 29 this level can be used to add more quality if comes around 22 again
Stop loss of 14 or 10.
Important Dates to monitor :-
23rd Dec 2023
30th March 2024 - important date
Hope this information will assist you in your trading / investment.
Please do your due diligence before trading or investment.
Disclaimer -ย
I AM NOT A SEBI REGISTERED ANALYST OR ADVISOR. I DOES NOT REPRESENT OR ENDORSE THE ACCURACY OR RELIABILITY OF ANY INFORMATION, CONVERSATION, OR CONTENT. STOCK TRADING IS INHERENTLY RISKY AND THE USERS AGREE TO ASSUME COMPLETE AND FULL RESPONSIBILITY FOR THE OUTCOMES OF ALL TRADING DECISIONS THAT THEY MAKE, INCLUDING BUT NOT LIMITED TO LOSS OF CAPITAL. NONE OF THESE COMMUNICATIONS SHOULD BE CONSTRUED AS AN OFFER TO BUY OR SELL SECURITIES, NOR ADVICE TO DO SO. THE USERS UNDERSTANDS AND ACKNOWLEDGES THAT THERE IS A VERY HIGH RISK INVOLVED IN TRADING SECURITIES. BY USING THIS INFORMATION, THE USER AGREES THAT USE OF THIS INFORMATION IS ENTIRELY AT THEIR OWN RISK.
Thank you.
Strong BUY BCG cmp 17.45, target 22.50/26.50 in few days Brightcom Group Ltd(BCG) offers digital marketing solutions to businesses, agencies and online publishers worldwide.
Services Provided:
The Company is divided into three major divisions:
a. Ad-Tech and Digital Marketing:
The services include Video Advertising, Display Ads Marketing, Performance-based Marketing, Search Marketing, Email Marketing and Lead Generation, Afliate Marketing, Social Marketing, Mobile Marketing, Niche Campaigns, Digital Trafc Management, Ad Serving
b. Software services:
The Companyโs software services include developing customized technology platforms to solve specific needs of clients primarily around digital media and other related offerings
c. Future technologies:
The companyโs future technologies division consists primarily of the Companyโs LIFE product and developments in artificial intelligence, machine learning and Digital Out of Home(DOOH) advertising.
Revenue Breakup - Q1FY24
Advertising Revenue : 94%
Software Revenue : 5%
Other Revenue : 1%
Interim Order By SEBI
An Interim order was passed by SEBI on 22.08.23 related to concerns regarding preferential allotment made by the company in FY20 & FY21. They suspected that money raised were given as loans and advances to its subsidiaries. It was also alleged that proper disclosures were not made in the Annual report and also disclosures related to preferential utilisation were not made. Post this the entire management of Brightcom has stepped down.
Forensic Audit:
SEBI ordered Forensic Audit of company on 16/09/2021 and Deloitte Touche Tohmatsu India LLP were appointed as forensic auditor w.r.t the financial statements from FY 2014-15 to FY 2019-20. The said Forensic Audit is under progress and the final outcome of the investigation is yet to come by the time of certification
Market Cap - โน 3,513 Cr.
Book Value - โน 34.7
Price to book value - 0.51
Debt - โน 0.00 Cr.
EPS - โน 7.01
ROCE - 30.9 %
Stock P/E - 2.51
Industry PE - 34.1
Currently the stock is terribly undervalued and we feel all the negatives is deeply discounted and technically it completely bottomed out at this valuation. We have recently the strong buying appearing and there is a good buying pattern emerging. So we strongly suggest a buy in BCG shares at 17.45 and buy till 18.5 for a target of 22.50 and 26.50. Valuation wise even at 26.5 its a buy but technically these are the resistance levels appearing. Stop loss 16
BCGA much maligned stock,taking good support at the lower trend line.high volumes indicate inerest by big players..stock can move upto the upper trend line in the parallel channel,where there is likely to be a major resistance..seeing the nature of the stock which is largely news driven,and open to speculation by operators,the lower trend line should be kept as a strict stop loss..
Brightcom Group (BCG) - Buy nowAs per technical analysis, this stock is in uptrend but I suggest you to do your own research or wait some time before buying this stock at this price level.
Buy above 19.40 or wait for a dip and buy above Golden line for safe buying opportunity or above RED line with small quantity.
I am not suggesting anyone to buy this stock, this is my personal opinion.
Do your own research before entering into stock buying/selling.
Thanks for supporting as always
BCG READY TO SHOOT!!!
Price has completed Wave 1 and Wave 2 also,
Wave 2 has retraced Wave 1 by less than 100 % which suffices the retracement rule of Wave 2 as per the Elliott Wave Theory,
As per Elliott Wave Theory Wave 3 extends by 161.80% of Wave 1 accordingly the Upward projection for this stock is 206.40 measured as per Fibo Extension.
Currently Price has formed a first Monthly Fresh Demand and has given a closing above the EMA which also confirms gain in Buying Power.
We have the Risk defined as per the Monthly Demand and Target derived as per the Wave 3 Fib Extension.
BCG
Hello All,
On special demand posting this chart ... BCG
I hav traded in this share way in 2021 and made couple of good grands..
If you like my Idea, Don't forget to Boost and comment on my Analysis.. The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Gautam Khanna
Technical Analyst by Passion :-)
Brightcom Group, Debt free available at very attractive ValueBrightcom Group Ltd - Levels on the chart CMP-16.80 Target-32,50 SL-12
Sector IT, Digital Eco-system , IoT - Market Cap 3390+ Cr
Available at very attractive valuation - Debt Free company
PE 2.4, PB 0.46, Book value/share 36.28
FIIs Holding - 9.5%, Mutual funds increasing holdings
Clients - leading blue chip advertisers
Clearly ๐๐๐๐๐ wise man don't miss opportunity 1. Founded: Brightcom Group was founded in 2007 and has its headquarters in Tel Aviv, Israel.
2. Global Presence: The company operates globally and has a presence in various countries, providing advertising and marketing solutions to businesses worldwide.
3. Digital Advertising Solutions: Brightcom Group offers a range of digital advertising solutions, including display ads, video ads, mobile ads, native ads, and more. They use technology to optimize ad placements and targeting to reach relevant audiences.
4. Programmatic Advertising: The company is known for its expertise in programmatic advertising, which uses algorithms and data to automate the buying and selling of digital advertising space in real-time.
5. Acquisitions: Over the years, Brightcom Group has expanded its services and reach through strategic acquisitions of other companies in the advertising and marketing space.
6. Technology-Driven Approach: Brightcom Group emphasizes a data-driven and technology-centric approach to help clients achieve their marketing objectives effectively.
Brightcom Group Trend AnalysisAn undervalued high growth small cap company with strong fundamentals available at price below its book value.
Price is nearing key support level around 22.65 level
Good to accumulate around 20 - 25 levels for the following targets:
Medium term swing target @ 65 (185% ROI)
Long term swing target @ 85 (275% ROI)
Long term positional target @ 102 (350% ROI)
Expecting another big fall after reaching the final target.
Will keep you updated as chart unfolds.
Kindly do your own due diligence before taking any action.
Peace!!
Brightcom Group Ltd Penny Investment companyCompnay has th ree major divisions viz., media (Ad-Tech and digital marketing), software services and future technologies like AI.
Company is almost debt free.
Company is expected to give good quarter
However promoter holding has decreased over last quarter and overall low.
Big positive : FIIs increased their holding from 1.87% to 12.15% in Mar 2022 quarter.
Seems good for long term investment around CMP 43, can add more if it comes around 20-30.
Invest small percentage of your capital, not more than 10%
Education purpose only, not a sebi registered advisor.
-Saptarish Trading
Bright crom share chart & price projectionBright com formed @ bullish butterfly kind of pattern,(slight deviations in leg measurement considered).Seems may touch @125 to 130 rupees in April second week.views for education purpose.pl.note that this is not final verdict on Target Price of share,in case of unforeseen events time & Price Target may vary.