As per time cycle this stock is ready to fly in upcoming months.
Accumulate at current levels with a stop of 40 on monthly closing basis for some euphoric upside.
Upside: 100/150+
Horizon: 6-12 months
NIFTY MEDIA Sector Analysis (1W TF) - 1st March, 2024
RETRACMENT TO THE SUPPORT/DEMAND ZONE
- The Sector has been retracing since Jan 2024
- Currently approaching the Demand Zone
- Focus should be on Sector specific stocks (If You Know You Know)
- This will give for a better RR
- My focus is on TV18 and Network18 for now (will add to the list)
#stocks...
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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🔍 More Analysis & Trade Setups...
TV18BRDCST 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...
➡️book value 100> CMP 51
➡️ investment+cash> MCap ➡️elections round the corner and advertisement spend will bring additional income
➡️#disney and #reliance JV also unlocks potential
It has been moving under parallel channel and may try to hit upper edge of the channel.
Any BO above the channel may take it to uncharted territory. We will review it again later after BO
Nifty Media Breakout on Daily Charts
Nifty media cmp 1927 breakout on daily charts catching the momentum Ready to hit soon 2200/2300++ Suntv / Zeel / PVR /Nazara Technologies/ Navneet Education many more media stocks
Chart -> TV18 Daily
After a brief downtrend, the stock has created VCP at the bottom and broke out today with volume.
CMP: 32.75
Good Range: 30 to 32
Target: 34.50, 39.50
SL: 29.50 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before...
NSE:PVR
1) TV18 Broadcast
For up side move breakout of 38.50 is needed otherwise downtrend will continue.
2) IDBI BANK
This is for a bit mid to long term positional trade if it gives sustainable breakout of this box.
It is making RSI bullish divergence on 1hr TF.
3) DELTA Corp
It is trading in Triangle pattern in 15min TF. Breakout on either...
A 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...
Breakout zone crossed after 4 year
Buy zone: 70 - 80
Price movement above 80 - which is a strong resistant zone - with good volume can trigger a fresh movement till 108.
Initial probable target of 108
Note: Define your stop loss always | Not buy or sell recommendation
This pattern took 4 years in the making, and successfully completed the retest from its top. Currently its at a prefect spot to take positional trades as well as for investment.
NSE:TV18BRDCST
TV18BRDCST - for Mid. to long term
● Ready to break resistance of Decade.
●Could be next #multibagger
● Please note, it's weekly Time frame. So time taken to reach target will be in 'no. of weeks'
●Entry will be around 75.
●SL will be subjective to weekly candle closing below the zone i.e. around 64.
●Aim for at least 1:4 to 8 risk...
TV18BRDCST Long (01 Apr)
Highest Monthly closing since last 11 years
Medium to long term call
RSI-79
Buy at CMP- 74.8
SL- 63
Target- 94, 103, 114
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
In a daily chart there is a possible cup and handle pattern(26 Mar 2018 to 31 Marc 2022) which is supported by 1hour Cup and Handle pattern(10Feb to 31 March 1 hour Time Frame), If it breaks 80-85 Range with Volume then it can go till 120 first target and can reach it 140 pattern Target. Stop loss is 50 which is previous swing low. Do your own analysis before investing.
