Circuitstock
NETWORK 18 MEDIA LONGHere is the weekly chart of network 18 media. The marked purple zone is historically a very crucial zone (47.85-50). It broke out with great volumes and hit circuit. Also this breakout is the breach of a 7 year old crucial zone plus a resistance trendline coming all the way from Dec'14!! (OPEN THE CHART FOR DETAILED VIEW)
LEVELS:
Entry: As soon as possible (Can't give an exact price as there will be a gap up opening tomorrow, place a limit order and pray it gets executed at the best possible price tomorrow)
Target 1: 59.50
Target 2: 64.50
Target 3: 71.50-72
STOPL LOSS: 46
TRAIL STOP LOSS
RSI: Shows momentum
Volumes: Can't be better
MACD: Bullish
I would recommend going long on Network 18 Media for a swing trade
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT IT!!
THANKS!
Adani green also known as the stock which gives "false signals".hello traders,
this stock has given many false signals and it will continue to give false signals but don't be scared of it hold your trades.
because this stock is giving continuous uptrend and will not stop.Just gives false signals to scare investors and force to exit them.
and what are the false signals in this stock?
false signals are those who show trend change but the trend doesn't changes.instead it totally reverses.
this stock is a circuit stock which hits upper circuits everyday and just rises in pre-market.
but the false signals remove the stock from the circuit and drags it downwards for some time.
this scares traders and investors and force them to exit from it.after some days.the stock totally reverses and goes to the upside.
this stock doesn't even respects the technicals.the stock never made any pattern or harmonic as it's rising to the upside with circuits.
there is only 1 strategy that works in this stock.that's this which I gave.don't fear in this stock.it gives false signals.and traders and investors
who haven't bought this yet still have a chance when this stock gives false signals.have a long side on this and hold the stock.
Thanks,
Aniket.