Sanguine Media Services comes up with an Impressive Chart Pattern: 

Did we really spot Island Reversal Pattern??!!

Sanguine Media Services Ltd is a turnaround story to boast of.....Now if you study turnaround companies, you would see that after the event they rise rapidly, eg. Ennore Coke, Premier Explosives, Sakhti Sugar, Chandra Prabhu International Ltd and so on. Moreover, Sanguine Media Services Ltd is likely to improve its fundamentals rapidly due to lot of restructuring done in the last couple of years. It is presently working on four main verticals:  Media, Events, Rural Marketing and Film advertising. The company is already doing well in the Media and Events management space. In the days to come we would see good business coming from the Rural Market (once company's strong USP)  and Film advertising. Its customers include, who's who of Industry, like HUL, ICICI Bank Ltd, Jyoti Laboratories Ltd,  GTC, Airtel, Coca Cola India, Cognizant Technologies Ltd, Dabur India Limited, ITC Ltd,  Lintas Media Group, Madison Media, Nerolac Paints, Ogilvy & Mather, Pepsico, Reliance Web World, Siemens, Starcom Worldwide, TCS, Turner International Asia, TVS Group, Wipro, Wipro Consumer Care, etc, to name a few. Moreover, Sanguine Media Services Ltd has a very efficient and multi-talented person named Mr. M. Varadharajan in its board, who is not only a Post Graduate in Business Admininstration but has a vast Experience in Rural & Media Marketing. Having already found its edge in the media and event management space, the company is now mainly focussing in the Rural Marketing Space. It is to be noted that For 3 (three) decades, Sanguine has been providing value added services to well known brands to penetrate the competitive and complex rural Indian market. A well experienced manpower having a thorough knowledge about the topography as well as the local values and traditions, have helped to create customized concepts for various sales promotion activities.
Services:

•     Rural Van Operation / Video on wheels
•     Shandy Market Promotion
•     Consumer Contact / Promotion
•     Promotional Selling
•     Promotional Distribution
•     Market Research
•     Rural Festivals

Moreover I was looking at its daily and weekly charts, which were looking excellent. I think Sanguine Media Services Ltd has formed a rock solid bottom which will be difficult to break on the down side, at least in the short term.

The Candle Stick Chart Patterns today gave an excellent break out pattern which will be confirmed after the scrip breaks another resistance level of Rs.3.8-3.90 on the daily charts. I think you know that: A major advantage of Candlestick formations is that they can identify dramatic changes in investor sentiment. One of the highest profit potentials for making money on big stock market trades is being able to analyze the investor sentiment upon a stock "breakout" situation. Utilizing the Candlestick formations to interpret the results of a breakout situation provides a huge advantage to the Candlestick investor.Now in case of Sanguine Media Services Ltd after a long time we have seen Long white candlesticks in chart patterns, indicating strong buying pressure in the counter. It is to be noted that the longer the white candlestick is, the further the close is above the open.

This indicates that prices advanced significantly from open to close and buyers were aggressive. If you look at the chart of Sanguine Media Services Ltd, a little minutely you will see that after some extended declines (or black bodies), long white candlesticks was formed, which
suggest that it could be a potential turning point or support level. If buying gets too aggressive after a long advance, it can lead to excessive bullishness. Moreover, long white candlesticks indicate that the Bulls controlled the ball (trading) for most of the game.

But then a slightly longer upper shadow indicates that the Bulls controlled the ball for most part of the game, but lost a little control by the end as the Bears made an impressive comeback but could not defeat the bull army. Also I am spotting something like Island Reversal Pattern on the Candle Stick Chart Pattern---but I not sure. Some Candle Stick expert can confirm the same for me....

SO WHAT I FEEL IS THAT SANGUINE MEDIA SERVICES LTD WILL NOW MOVE UP IN TOP SPEED....Above IS ONE SUCH CANDLE STICK CHART PATTERN (Island Reversal)....