Future Market Networks Ltd ( FMNL ) Can Be A Multibagger Stock : Expecting Strong Technical Breakout ~ STOCK MARKET, HIDDEN GEM, BEST STOCK TO BUY, MULTIBAGGER STOCKS INDIA, PENNY STOCKS, NIFTY TODAY

Future Market Networks Ltd ( FMNL )
Share Price - Rs.72.4
Listed in - NSE & BSE(533296)
Sector - Miscellaneous

Technical Chart Study:
Future Market Networks Ltd has already given wonderful Flat pattern breakout and Bollinger band quizzing breakout and after that it given superb up move. After that FMNL has been giving very good consolidation type correction and showing good strength at it support line and taking superb support which was its previous resistance. Now technically it's looks really very strong. FMNL technical chart is creating superb Flag pattern. I am going to post here weekly chart here and you can clearly notice that still FMNL unable to break the Flag pattern but hope it will able to break the Flag resistance very soon. If it will give breakout successfully then we can see huge movement and it can be a good holding stock for mid term. A quick blasing movement is waiting after final breakout.

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Future Market Networks Ltd ( Weekly chart)

Fundamental Study:
As per Fundamental data FMNL has market capital 810.31 Cr with Book Value 34.40 and it's Price to Book Value is high compare with it Price which is 4.18. Company's Reserves quality is recovered after gradually decreasing from last few years and Debt is higher then it's Reserves and Debt is decreasing year by year which is good. Though company's contingent liabilities are huge. Total Income is increasing gradually and last year performance was excellent. Operating profit is recovered and increasing gradually. As per data it's looks good enough. Reported Net Profit and Earning per share both are negative but increasing gradually. I am not satisfied with some important Ratios like Quick Ratio, Current Ratio, Debt to equity ratio and Interest coverage ratio, all ratios are negative.

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