Bullish Harami identified in Media index. Media stock may show reversal. Trade as per your risk management.
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...
Buy @ CMP (CURRENT MARKET PRICE) and Below 500 Heavily Accumulate Target 1 :- 600 You Can Set A Tarling SL On 600
Buy @ below 190 or max 192 Sell Target 1 :- 200 Sell Target 2 :- 202
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.
Trade Setup: Stock has made a base around 410-430 levels and now showing signs of upward movement with volume on daily charts. Buy Zone: 435-440 SL: 400 on closing basis Target: Target1=465, Target2=508 Target 3=550 Imp: 1. Trading requires more than technical analysis . e.g. Risk Management, trade management, psychology etc. 2. Always follow stop loss. 3....
only for educational purpose
looks set 4 a 4/7 % rally from 450 physchological marks
This stock is on a downtrend from all-time highs reached in Jan 2018. Sell if 1-day candle closes below 650. Target 570. Major Support near 560.
1) Elliot wave complete 2) Stock at fibonacci level of 61% 3) RSI bounce 4) Other media stock like ZEE and TV18 also at support