Now TV18 was ruling many investors watch list
it was following the pattern some how...
we can take the entry near by 43-44
reason for taking this trade : we can see the huge buying pressure on 14/6/2021
we can assume that investors are wait to invest in this stock when they get good price and the marked 43 as the good supply zone
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...
will like to go long in the script forming a good marubuzu , followed up buying and sustaining the levels , stock beaten up laready , thus some good , can add great in market cap .. stop of 51 target of 60++ risk to reward near 1 : 1 .