Entertainment Network(ENIL) has just seems to have given break out after very long consolidation. The consolidation was for a period of 4 years which is a very long period the break out of the consolidation is indicating that the stock is poised for a very big move. i may not be surprised even if it make a new high for which it has to double. the stop loss is the low of the consolidation which is at 200 which is very far away so its better to close position if its enters the consolidation range. Fundamentally also out of last five financial years its financials have been increasing tremendeously. from a EPS of -13 in 2009 has improved to 14 in the current financial year. there has been steady improvement in the financials of the stock giving an indication that the fundamentals are improving and supporting the stock so a very good bet fundamentally and also technically.

M.Sri Mahidar
Trend is Friend.