NETWORK18 trade ideas
NETWORK18 - SWING TRADE - 22nd Jan, 2024NETWORK18 (1D TF) - Swing Trade Analysis given on 21st Jan, 2024
Pattern: ASCENDING TRIANGLE
- Volume Spike at Resistance - In Progress
- Breakout - In Progress
- Retest & Consolidation - In Progress
- Waiting for the entry at the Demand zone marked out
#stocks #swingtrade #chartanalysis #priceaction #traderyte #NETWORK18
NETWORK18 Analysis & PredictionThis is the analysis of NETWORK18 in Daily Time Frame. Watch carefully. The chart explains itself.
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 NETWORK18:
Network18 Media & Investments Ltd. engages in the provision of media and entertainment services. It manages digital businesses including media platforms, such as Moneycontrol, News18.com, CNBCTV18.com, and Firstpost. The company was founded by Raghav Bahl and Sanjay Ray Chaudhuri on February 16, 1996 and is headquartered in Mumbai, India.
NETWORK18 - Weekly Chart AnalysisMedia sector have been on a lackluster in this whole rally. I have been observing it since past few weeks, it is setting up well.
Network18 from this sector is showing good strength.
After closing above the 87 it is now seen sustaining these zone (68-87). Now as the overall sector is showing strength we can keep an eye on this. Current zone which was acting as a resistance shall now act as a support. So a weekly close below 68 shall invalidate our view.
On the upside 121- 137 - 154 are the levels that can be tested which shall act as the next resistance in the future if moves in the direction of trend.
It is sailing above all its key moving averages.
Disclaimer: I'm not a SEBI registered. This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
NETWORK18 --- can give 50% gains NSE:NETWORK18
can give 50% gains,
gave breakout on weekly timeframe with good volume
cmp is 78.75
most of the media stocks have given breakouts and moving up
This analysis is being done for educational and knowledge-sharing purposes.
This article does not offer any kind of buy or sell advice.
All stocks are positional and are held for a short to medium period of time.
Everyone is expected to conduct their own research and analysis to determine whether my point of view aligns with yours.
NETWORK18 Bullish; above 82.60 on Friday 13 Oct. NETWORK18 Bullish; above 82.60 on Friday 13 Oct.
The above information does not constitute financial/investment/trading advice or recommendation and it is purely for educational purpose.
Swing Trading Strategy:
One may enter into a position only upon stock closing above the entry price on day closing basis and hold on for 5/10 trading sessions for larger gains
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders may book profits at this stage
Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice"
This do not constitute, financial, investment, trading, or other types of advice or recommendation.