This is follow-up on Network 18. Can check link to related ideas.
Target 1 achieved. More than 10%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please...
Short Term Earnings
Target : 173.15
SL : 148
Timeframe < 45 Days
Can hold for longer time
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Here 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)
Entry: As soon as possible...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NETWORK18 on a weekly timeframe testing the descending trendline for long.
It has been taking support from the ascending trendline as well. If it breaks the descending trendline, we can see 60 levels soon.
I'm not a registered analyst. Please analyze yourself before investing
Note: This is for educational purpose only.
There seems to be a bullish pin bar on channel support. There is a rise in volume as well which indicates buying pressure. RSI at 51 indicates neutral zone (neither bullish nor bearish).
Buy above high of the pin bar. SL should be a little below the lower channel.
Media Index hasn't really participated in the rally. Nifty Media is 122.4% away from ATH. Hence, some FIIs buying can be expected here. Network 18 also constitute around 6% of Nifty Media. I expect some rally in this stock. A small portion of the amount can be diversified here for positional play.
Target - 45
Type of Trade - Positional Swing
Duration - 45...
we can see the price is in consolidation mode since 23rd July. if invested don't panic, its just testing the patience level of investor. fundamentally it is awaiting for merger news confirmation for further upwards journey. on charts, double bottom formation is getting created which suggests a breakout...
CMP-47.65. The first resistance it can face is around 49.65 which it can break tomorrow considering the result day on 22nd July. upward side the next resistance is around 59 which in previous years it hadn't breached. downwards side it has built a strong support at 39.5 level. RSI level at CMP is around 70 which suggests strong momentum going forwards, the same is...