sks_saty

Network18, support and resistance for coming weeks

Long
NSE:NETWORK18   NETWORK 18 MEDIA
CMP-47.65. The first resistance it can face is around 49.65 which it can break tomorrow considering the result day on 22nd July. upward side the next resistance is around 59 which in previous years it hadn't breached. downwards side it has built a strong support at 39.5 level. RSI level at CMP is around 70 which suggests strong momentum going forwards, the same is also confirm in MACD , which is making a bullish cross over. trading volume is also more than 5days average, all technical parameter suggests that the bull run may continue till 60levels.

note: I only share views in which I am personally invested. sharing is just for educational purpose, pl correct me and educate me if the analysis seems wrong anywhere, suggestions are welcome.