KumarAbhilash
Long

cnxmedia- breakout of rectangle

NSE:CNXMEDIA   NIFTY MEDIA
95 1 16
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 (https://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:
Thanks for, media charts :-)
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