Tv18brdcst_long
TV18BRDCST Analysis & PredictionTV18BRDCST Analysis & Prediction
This is the analysis of TV18BRDCST in Weekly Time Frame. Watch carefully. The chart explains itself.
The stock managed to break the previous resistance with volume. But faced resistance at next level. If it will sustain above the first breakout level, it is good for the stock.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About TV18BRDCST:
TV18 Broadcast Ltd. operates as a television broadcasting network. It engages in entertainment channels, news broadcasting, digital content, and allied businesses. The company was founded by Raghav Bahl on June 6, 2005 and is headquartered in Noida, India.
Network18 : Digital Rights of IPL 2023-27A good portfolio bet.
While Disney Star retained their Indian sub-continent TV rights, the most sought-after India digital rights deal was acquired by the Reliance-backed Viacom18 at a whopping Rs 48,390 crore (Rs 143.34 crore per match),
which also won the non-exclusive Package C.
Package D with a base price of Rs 3 crore per game with overseas TV and Digital Rights on offer was sold to Viacom18 and Times Internet.
The digital platform has a wider reach than TV streaming rights given the fact that 12 nations are covered under ICC provide. This gives TV18 and its overseas partner Viacom to reach over 3 Billion subscribers, which is mind-blowing.
Technically, on a weekly time frame, a prominent Pin Bar emerged. If the price trades above the high of the pin bat, more likely the stock would deliver 33%+ returns in a short term (Say 1-2 quarters)
TV18BRDCST - (Study) :: FIB levels and Trendline 22-Sep-2021TV18BRDCST - (Study) :: FIB levels and Trendline 22-Sep-2021
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High Probability LONG Setup
BEARISH if, price closes below the Long term Uptrend line (Green)
and also closes below the 3years Resistance channel..
Technicals:
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- Long term UP trend is intact (Green Line).
- On 24-Aug21 , there was a nice confluence of :
:: FIB 61.8 Level held
:: Trendline (Green) Support
:: Three Years+ Channel Support"
- on 14 Sep 21, price broke out from the 3 months long resistance by a good Impulse move
- After the small correction, Yesterday,, (21-Sep-2021) the share price saw buying pressure near the FIB50 level..
So, the Current levels may be a good entry for Long attempt.
- Use the FIB levels or your preferred method to average up and place stop loss..
Fundamentals:
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-Very Cheap valuation ( pls comment if you know why??).
-Borrowings reduced from 1775Cr to 893Cr last year
-Highest TTM EPS
-Highest ever TTM Oper Profit Margin
Caution : Smallcap Media stock... May test your patience.. Prefer to allocate around 5% of your capital in tranches. And pls consult your financial advisor to know more about the trade related risks.
TV18 for short term Now TV18 was ruling many investors watch list
it was following the pattern some how...
we can take the entry near by 43-44
Target:50
stoploss:40-41
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
so i think ,if we entered near 43 -44 may be a good trade of this week
TV18BRDCST - Breakout of 34.15 levels & retest complete on D & WTV18BRDCST - Breakout of 34.15 levels & retest complete on Daily and Weekly chart
Keep a stoploss of 33.8 on closing basis for long positions for target of 41.1, 48, 58.9, 71 and new ATH
NOTE - Consult your financial advisor before taking any investment on this study