TraderHercules

NETWORK 18 - BREAKOUT REVERSAL

Long
NSE:NETWORK18   NETWORK 18 MEDIA
Media Index hasn't really participated in the rally. Nifty Media is 122.4% away from ATH . Hence, some FIIs buying can be expected here. Network 18 also constitute around 6% of Nifty Media . I expect some rally in this stock. A small portion of the amount can be diversified here for positional play.
Target - 45
Type of Trade - Positional Swing
Duration - 45 days.
Returns expected - 18.4%

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