NIFTY MEDIA Sector Analysis (1W TF) - 1st March, 2024
RETRACMENT TO THE SUPPORT/DEMAND ZONE
- The Sector has been retracing since Jan 2024 - Currently approaching the Demand Zone - Focus should be on Sector specific stocks (If You Know You Know) - This will give for a better RR
- My focus is on TV18 and Network18 for now (will add to the list)
This sector looks like it has come to a Support Zone - Start picking your fundamentally strong Media Stocks out + Draw out your Major Demand/Support zones - Make sure to keep you SL's small to increase your RR
Note
NIFTY MEDIA Sector Update - 7th March
- As mentioned just yesterday, the stock was at its Weekly Support - 2.25% Pullback at this Support - Find the strong Support/Demand zones in particular stocks
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