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Sun TV for 45% gainMedia is no fancy sector to trade/invest in but offers good risk reward once in a few years. Can this possibly be that time? On weekly chart (6 months to a year), SUNTV seems to be in Wave 3 that is heading towards 950 or 1.618 Fibonacci level as seen in the chart. Incase one enters at current levels (655), it will be fair to book some profits around 820-30 levels. Only way, one can generate returns in markets is having conviction in one’s trade and patience to dodge through jerks/deviations. This is not a trade recommendation. Please do your own due diligence.
NSE:SUNTVLong
by DhandhaPaani
12 Mar ’24 — 10:43 candle gives me cold shivers!Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “If Nifty50 has to change its character, the price has to fall below 22295 and then below 22051 wherein the higher low will get violated.” 4mts chart I was stunned by the Nifty50 and BankNifty price moves today. We started the day in line and then the 09.31 GREEN candle surprised me, a quick surge that took Nifty50 up by 134 points ~ 0.6% by 10.15. What followed was even scarier: a fall of 194 points ~ 0.87% by 10.43. A single candle moved 131 points ~ 0.59%. When was the last time you remember seeing Nifty move that much in a single 4-minute candle? We briefly violated the support of 22295 but got back in a quick time. From there on Nifty50 had no more aggressive swings and managed to close flat today. On the higher time frame, the stance continues to remain bullish. As long as 22295 support holds, there is no meaning in revising the stance. One thing is sure, the sudden price moves we are seeing right now are quite indicative of a massive shift in fundamentals. Technical Analysis cannot detect the directional impact this early, but it would be prudent to keep an eye out for any possible clues. The small caps -1.98% and mid caps -2.55% are bleeding RED, and even some Nifty sub-sectors are also down by quite a bit - Realty -3.71%, PSU Banks -2.57%, media -1.85%, Metals -1.73%. 63mts chart
NSE:NIFTYLong
by viswaram
07 Mar ’24 — Another stable day, getting ready for next jump?Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “We are maintaining our bullish stance for tomorrow as well, but we are not expecting 22600 to be broken tomorrow.” 4mts chart It was another perfect day for the option sellers, mostly the short straddlers. Nifty struck a narrow range today and had no special adventures. Looking at how Nifty50 traded today makes me remember the Cricket commentators saying “After hitting the first 2 balls for 6 & 4s, take singles and rotate strikes..”. Nifty50 did the exact same thing today. The rotations were in the sub-sectors and the market breadth was improving. Media, Metal, FMCG, Pharma, Consumption, and Commodities all did well today and the laggards were Banks and Energy. Between the last expiry and today, Nifty50 rose 440pts ~ 2%. Most importantly it took out 2 support/resistance levels - 22051 and 22295. And we rewrote the ATH twice. As it looks everything looks GREEN on this side. Tomorrow will be a holiday in India, so our next market action will be on Monday. If US markets advance and take out their ATHs by then, we can expect a huge gap up in the next session. In case the Global macros weaken over the weekend - the Bull's party could be cut short too. Wish you a happy weekend. 63mts chart
NSE:NIFTYLong
by viswaram
NIFTY MEDIA - SECTOR ANALYSIS - 1st March #sectorNIFTY MEDIA Sector Analysis (1W TF) - 1st March, 2024 RETRACMENT TO THE SUPPORT/DEMAND ZONE - The Sector has been retracing since Jan 2024 - Currently approaching the Demand Zone - Focus should be on Sector specific stocks (If You Know You Know) - This will give for a better RR - My focus is on TV18 and Network18 for now (will add to the list) #stocks #swingtrade #chartanalysis #priceaction #traderyte #india #indiagdp #StockMarketindia #niftymedia #indiaelections
C
by TradeRyteStockz
22
GOLDEN CROSSOVER: MEDIA SECTOR LOW PRICE STOCKNSE:EROSMEDIA GOLDEN CROSSOVER, 50 DAYS MA moved upwards crossing 200 DAYS MA. SECTOR: MEDIA a bullish sector. LOW PRICED stock. Fundamentals improving gradually, SUPER Q3 22 result. PRICE STRENGTH 72, BUYER DEMAND 'A+', MASTER SCORE 55, GROUP RANK 16 OF 197 (Data from MarketSmith) CMP 32.20, minor resistance breakout done, retest done. Making HH, HL, in uptrend Now moving up, next resistance near 36, buy signal when break this level, target on chart.
NSE:EROSMEDIALong
by BHARAT_WASI
Swing Trading Opportunities for W/B 4-10-21TRADING WATCHLIST FOR W/B 4-10-21 INTENT I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check out if any of these fit your trade plan. ON MY WATCHLIST FOR W/B 4-10-21 -- This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week - WEEKLY TIME FRAME- FOR LONG POSITIONS AXIS BANK BANDHAN BANK HDFC BANK BPCL BRITANNIA DIVIS LABS TATA CONSUMER TATA STEEL ULTRA TECH BOSCH AMARJA BATTERIES ATUL AUTO CGCL DALBHARAT GLENMARK HIND PETRO KANSAI NEROLAC LUPIN ORIENT HOTELS RAYMOND TRF TWL VOLTAMP SECTORS LOOKING GOOD FOR LONG POSITIONS- PHARMA BANK NIFTY MEDIA METALS PRIVATE BANKS PSU BANKS Ideally, the best candidate would be the one that features in both lists. I may / may not take these trades as not every opportunity should / can be traded. I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so. In case you are able to spot the setup and the trade basis, please do share so that together we can learn. Thank you for your time and Happy Learning, Umesh 3-10--21 Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
NSE:CNXPHARMALong
by AVENUESOFINVESTMENT