cnxmedia- breakout of rectangle

weekly

nifty media index was in rectangle formation, breakout is seen on charts.
top constituents by weightage :-
1)zeel- 49%(major )
if index has to reach its rectangle breakout target then zeel has to participate .
we expect zeel to hit 600 plus targets in November series as per chart setup

2) suntv - 13.96
posted on twitter (twitter.com/kabhilas...s/926314552211357697)
chart setup - weekly scale suggest strong breakout

3) pvr- 7.8%
4 ) dishtv- 4.93%

5) tv18- 4.7%

6) jagran praksashan - 3.57%

7) db corp- 3.30%

8) navneet - 2.4%

9) hathway - 2.38%

10) network media - 1.95%

Trade closed: target reached: