NETWORK18 trade ideas
Network 18Network 18, looking for very strong trendline breakout, enter on buy side if close above trendline. we can easily expect 15-20% move after breakout.
NETWORK 18 MEDIA LONGHere is the weekly chart of network 18 media. The marked purple zone is historically a very crucial zone (47.85-50). It broke out with great volumes and hit circuit. Also this breakout is the breach of a 7 year old crucial zone plus a resistance trendline coming all the way from Dec'14!! (OPEN THE CHART FOR DETAILED VIEW)
LEVELS:
Entry: As soon as possible (Can't give an exact price as there will be a gap up opening tomorrow, place a limit order and pray it gets executed at the best possible price tomorrow)
Target 1: 59.50
Target 2: 64.50
Target 3: 71.50-72
STOPL LOSS: 46
TRAIL STOP LOSS
RSI: Shows momentum
Volumes: Can't be better
MACD: Bullish
I would recommend going long on Network 18 Media for a swing trade
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT IT!!
THANKS!
very bullish Network 18completed all waves now made head and shoulder at bottom and also made rounding bottom in daily time frame
if it closes above 200 ma then
entry @ 56-57 looks good
Network 18 mediabuy at cmp a good range breakout with heavy volumes add till 49 target is 55 and 57 in coming sessions do maintain a strict sl at 47 on closing basis
EXPECTING TRIANGLE PATTERN BREAKOUT ✌✌✌This scrip is forming beautiful triangle pattern and expected to break itvand to move further. So traders keep on your radar.. And taste the profit.
NETWORK18 NETWORK18 on a weekly timeframe testing the descending trendline for long.
It has been taking support from the ascending trendline as well. If it breaks the descending trendline, we can see 60 levels soon.
I'm not a registered analyst. Please analyze yourself before investing
NETWORK18We have seen a good BO and stock is retesting the BO levels.
49 would be easy with this support levels
Network 18 , Multi-year breakout on Cards.All observations on chart.
64-72 rs band is acting as a resistance since 2014, but it is tested multiple times, This will be 10 year breakout
45 rs level is breakdown level. Stock just formed a narrow range below breakdown level for 4 months and recently gave a breakout.
High chances that stock will cross 45 rs.
After crossing 45, 64-72 will be first target. Beyond this area stock will double 92-98.
Not a Trade Advice/ Recommendation.
Do your own analysis/ Consult your Advisor.
NETWORK 18Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading.
Network 18 - In bottom of a channelNetwork 18 in day TF chart shows in consolidation since September.
Technical analysis: At the bottom of the rising channel with good risk-reward.
I am a web/online guy and been behind this stock for quite some time and closely monitoring their growth. Reading their quarterly reports as well.
With the increased number of news18 channels and online presence, I strongly believe this can be a potential multi-bagger in the next couple of years.
News18 channels( including news and entertainment) have been expanding to local languages too.
News18 online newspaper portals are expanding to local languages as well, along with youtube channels.
I did a quick check on archive.org of their news portal news18.com and really stunned by the changes for past couple of years.
Colours channel has been doing great nowadays in multiple languages.
Owns major business news channels including CNBC, moneycontrol.
Bookmyshow and other publications including forbes india, better interiors, overdrive, better Photography ec are under their umbrella.
IMPT - This stock has all the potential to fly once TV18 broadcast and Hathway broadband are merged to this company.
A subsidiary of Reliance.
Network 18 would be 3rd top media company in India after SunTV and ZEEL, and looking at the diversification the business, they can equally compete with them in few years.
If you have real Patience, this can turn out to a wealth creator as fundamentals are slowly improving over time.
Disclaimer: I hold this stock and it is not a buy recommendation. Sharing my accumulated knowledge during my research on this stock. And I may be wrong.
Network18 Media - Bullish Pin bar on channel supportNote: This is for educational purpose only.
There seems to be a bullish pin bar on channel support. There is a rise in volume as well which indicates buying pressure. RSI at 51 indicates neutral zone (neither bullish nor bearish).
Buy above high of the pin bar. SL should be a little below the lower channel.
breakout after long term consolidation.can be added only for first target 50 and second target 63 with SL 32.
