Network 18 - In bottom of a channel

Feb 17, 2021

Network 18 in day TF chart shows in consolidation since September.

Technical analysis: At the bottom of the rising channel with good risk-reward.

I am a web/online guy and been behind this stock for quite some time and closely monitoring their growth. Reading their quarterly reports as well.

• With the increased number of news18 channels and online presence, I strongly believe this can be a potential multi-bagger in the next couple of years.
  

• News18 channels( including news and entertainment) have been expanding to local languages too.
  

• News18 online newspaper portals are expanding to local languages as well, along with youtube channels.
  

• I did a quick check on archive.org of their news portal news18.com and really stunned by the changes for past couple of years.
  

• Colours channel has been doing great nowadays in multiple languages.
  

• Owns major business news channels including CNBC, moneycontrol.
  

• Bookmyshow and other publications including forbes india, better interiors, overdrive, better Photography ec are under their umbrella.
  

• IMPT - This stock has all the potential to fly once TV18 broadcast and Hathway broadband are merged to this company.
  

• A subsidiary of Reliance.
  

• Network 18 would be 3rd top media company in India after SunTV and ZEEL, and looking at the diversification the business, they can equally compete with them in few years.
  

If you have real Patience, this can turn out to a wealth creator as fundamentals are slowly improving over time.

Disclaimer: I hold this stock and it is not a buy recommendation. Sharing my accumulated knowledge during my research on this stock. And I may be wrong.

Feb 20, 2021

Note

19-Feb- Touched 38.60. Still amble space to move up

Mar 1, 2021

Note

0-Mar-2021 - Touched 39.45. Still holding on to it.

Mar 17, 2021

Trade active

Touched high of 45.95 and retest of trendline.