DEN - Momentum pickup after ~10 yrs?monthly structure looking good, with breakout and volumes
RSI > 60 on monthly tf after ~10 yrs, worth following
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5.72INR
2.429BINR
11.048BINR
119.649M
About DEN NETWORKS LTD
Sector
Industry
CEO
Shailender Nath Sharma
Website
Headquarters
Mumbai
Founded
2007
ISIN
INE947J01015
DEN Networks Ltd. is a holding company, which engages in the distribution and promotion of television channels through digital cable distribution network. It operates through the Cable and Broadband segments. The Cable segment includes distribution and promotion of television channels. The Broadband segment offers internet services. The company was founded by Sameer Manchanda on July 10, 2007 and is headquartered in Mumbai, India.
DEN Network - Multiyear BreakoutDEN Networks Limited is a cable television distribution company. The Company is engaged in distribution of television channels through analog and digital cable distribution network and provision of broadband services.
TTM EPS: 5.71
TTM PE: 8.25
P/B: 0.75
Face Value: 10
Mkt Cap (Rs. Cr.): 2,247
Sec
Den Network - Falling wedge | Double Bottom Double bottom at 25 level
Double falling wedge pattern
Buy @ 45 level
SL 25
Target : 65-85-95++
Trend line breakout and strong support from 50/200 EMATrend line breakout and strong support from 50/200 EMA. Golden crossover.
DEN looking for a BreakoutDEN looks strong above 32. A close above the level can give good profits.
Entry - Close above 32
Target - 36/40/45
SL - 29
Study the stock & Trade as per your own risk/rewards.
BuyWill buy abv 40.55 with SL below 38 . Price is above all EMAs.
Disc : It's not an investment advise to buy or sell
DENFollow chart data for going long..
RR - 1:4 +
Note - Above analysis is for learning purpose only.
Expecting Breakout ✌✌✌This scrip is expected to give trendline,Range & Resistance breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
Question on Den NetworkIf Bough Hold with SL of 40
If not then buy only on breakout above 47 for next targets of 55/65
POTENTIAL OPPORTUNITY - 15% to 20% @ DEN NETWORKS LTD (NSE:DEN)Potential Opportunity as Swing Trade in NSE:DEN and also predicting positive GAIN upto 20%
SWING TRADE - RISK TO REWARD - 1:3
ENTRY - 42.75
TARGET - 50.00
STOP LOSS - 40.3
This is for Educational Purpose only, please apply your prudence & consult your adviser before any investing.
#nse #swin
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