varadtambolkar

Network 18 , Multi-year breakout on Cards.

Long
NSE:NETWORK18   NETWORK 18 MEDIA
All observations on chart.

64-72 rs band is acting as a resistance since 2014, but it is tested multiple times, This will be 10 year breakout
45 rs level is breakdown level. Stock just formed a narrow range below breakdown level for 4 months and recently gave a breakout.

High chances that stock will cross 45 rs .

After crossing 45, 64-72 will be first target. Beyond this area stock will double 92-98.

Not a Trade Advice/ Recommendation.
Do your own analysis/ Consult your Advisor.

Comment:
Volume Contraction & Breakout out of narrow range.
Comment:
Monthly Consolidation. Can be a Great buy for long term.

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