NSE: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,...
NSE:HTMEDIA #HTMEDIA
CMP - 38.10
Can be looked in the range 31.75 to 35.35
Only Above above 38.60
Next Levels can be expected 43.00 & 54
View will be negated below 25.15
Disclaimer : This idea is only for education purpose, Please consult your financial advisor
We are not Sebi registered.
HT MEDIA could see a steep rise above 41.35 towards 52.5 because it has created a cup handle pattern for a long time frame ,there is a rise in volume .There are breakout in every media counter but this is a strongest one.
LOGIC,LEVEL AND TARGET WELL MENTIONED IN THE CHART
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
please like, share and comment if you have any suggestion regarding this analysis.
Respecting the Support zone even when Nifty looking weak.
Uptrend intact!
Accumulate in range of 72-74
Target : ATH
SL : 70 WCB
Only for educational purpose.
Levels as mentioned on the chart with probable Price Action to follow.......Inverse Head And Shoulders
Be Proactive Trader
Better Insight, Better Trade Execution
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. ''I HAVE A RIGHT TO BE WRONG''
"Always Respect Risk"
Happy Trading
Jai Hind
TRADING 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...
Levels mentioned on the chart with probable Price Action to follow....
Be Proactive Trader
Better Insight, Better Trade Execution
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. ''I HAVE A RIGHT TO BE WRONG''
"Always Respect Risk"
Happy Trading
Jai Hind
keep it in your watchlist -logic explained in the chart itself-confirmation buy on channel breakout on a shorter time frame.
~for Educational purpose only~
this time I found a break out with heavy volume of db corp.. now the first possible target is mentioned which is not a strong resistance zone!!!!!!!
it also framed an ascending triangular pattern
look.
and the whole sector once again is in boom. I find it a good opportunity
disclaimer :- this is my personal analysation and it is not any buy sell recommendation
Nifty Media has created the bullish head an shoulder pattern on daily chart .
And it has formed in the major down trend and also took a strong support on support line.
It is a clear indication of reversal of trend but should watch for coming days
Bullish Trend will be confirmed after it breaks the 1636-1646 levels i.e. 0.61 fibo level.
This is my own analysis...
In this video i have tried to explain why the media index looks interesting at current levels. this video has multiple studies like harmonics, chart patterns and moving averages which i expect will appeal interesting to others.
Everything clearly mentioned in the chart itself-keep stop loss tight i.e low of the previous candle before breakout...NOTE-this analysis is only for entertainment purpose...hence, do your own research before trading.
feel free to comment if you have any suggestion
thank you.
