#Network18 Mahurat Trading Positional mid cap Momentum Breakout

'Flag pattern' breakout on daily charts in progress.Also the weekly charts show that a 2011 year started 'Rounding pattern' breakout in progress
Momentum bullish on all timeframes.Bullish reverse divergence in play on daily.weekly The trend indicator ADX showing that the trend strength rising up on weekly timeframe.Volumes on weekly are above moving average and walking on Bollinger bands indicating bullishness
This small cap media stock promotors includes reliance with big bull Rajesh Jhunjanwalla investment too. latest Financials shows debt reduction and current year turning profitability as well. This could be good swing or positional bet with rounding pattern neckline should be stop loss


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