Nifty media is the participant that will contribute in the 2024 rally.
Nifty media has started forming a horizontal resistance around 2500 zone on a weekly chart After 2.2 years of consolidation it has approached the resistance with some strength and now within some weeks it can break out from this range.
Keep an eye on the sector and its component that are mentioned in the description.
Some of these stocks that I have picked from nifty media sector can move best with the nifty media sector breakout.
1.DISHTV LTD
2.CINEVISTA LTD
3.SHEMAROO
4.RAJTV
5.BALAJI TELEFIMS
6.ENIL
The above Stocks are boosted with their respective charts and the levels of breakout have been clearly mentioned please use alerts feature on trading view to keep track of all of the stocks and use proper position sizing with stop loss.
Have a wonderful trading journey ahead in 2024, I wish you a happy New Year in advance.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.