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/kabhilash02/status/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%
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/kabhilash02/status/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
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