nifty media - an abandoned sector?? 2min readidk if media index will reach its 2018 high, but i can say it can likely move up at least 50% in the coming months.
Nifty Media and their stocks showcased poor performance since some years,
as per my understanding this sector has likely bottomed out, most of the media stocks i checked are looks like they are tired of falling and nobody wants them.
Big money will enter mostly at these lower price levels
- that means in some months u will see media stocks moving up 25%-50%-100%
and the public will only get to know about it after they already moved 25-50%
media stocks i think have bottomed out
zeel
ufo
saregama
hathway
ndtv
network18
suntv - near breakout level - not bottom
CNXMEDIA trade ideas
NIFTY MEDIA- PIC PERFECT BAT PATTERN ON WEEKLY CHART Nifty Media is an interesting index chart with following
1. RSI above 55 on all time frames i.e. DWM
2. Index consolidating between 1600-2500 zone since 2021
3. Narrowing Bollinger Bands on weekly chart
4. Price trading near upper Bollinger Bands
5. After completion of Cypher Pattern on weekly chart Index now forming BAT pattern on weekly chart with price above 20 Week SMA
Lets See how it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
It’s Time For Media Sector To Start A Rally ✅Media sector is silent from last 5-6 months and one is talking about this but as per my analysis big players are making position and CNX Media will outperform Nifty50 for next several months.
✅Big players and fund managers are always monitoring these ratios. They use this data to make informed decisions about their investments. Also they only need to outperform Nifty50 so these ratio charts help a lot.
✅No one in the market will explain this to you like this ,consider reallocating some funds to CNX Media stocks also.
NIFTY MEDIA - SECTOR ANALYSIS - 1st March #sectorNIFTY 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 #swingtrade #chartanalysis #priceaction #traderyte #india #indiagdp #StockMarketindia #niftymedia #indiaelections
CNXMEDIADisclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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NIFTY MEDIA : SECTOR WILL BOOM IN 2024 NSE:CNXMEDIA
Nifty media is the participant that will contribute in the 2024 rally.
Nifty media has started forming a horizontal resistance around 2500 zone on a weekly chart After 2.2 years of consolidation it has approached the resistance with some strength and now within some weeks it can break out from this range.
Keep an eye on the sector and its component that are mentioned in the description.
Some of these stocks that I have picked from nifty media sector can move best with the nifty media sector breakout.
1.DISHTV LTD
2.CINEVISTA LTD
3.SHEMAROO
4.RAJTV
5.BALAJI TELEFIMS
6.ENIL
The above Stocks are boosted with their respective charts and the levels of breakout have been clearly mentioned please use alerts feature on trading view to keep track of all of the stocks and use proper position sizing with stop loss.
Have a wonderful trading journey ahead in 2024,
I wish you a happy New Year in advance.
Keep learning,
Happy trading.
NIFTY MEDIA Sector Analysis (1W TF) - 16th December 2023#NIFTYMEDIA Sector Analysis (1W TF)
Pattern: RECTANGLE BOX BREAKOUT
(Or Inverted HnS or Cup and Handle)
- Breakout of Neckline Resistance expected
- Wait for Breakout
#stocks #swingtrade #chartanalysis #priceaction #traderyte #india #indiagdp #StockMarketindia
Nifty MediaIf index break upside level of 2494 and sustain above this level then we can see index will move upward 3322-3552 range, This level have neutral selling pressure.
if index break upside range of 3322-3552 then we can see 4463-4345 range & this range have a strong selling pressure.
Time wise we can see a turning point for index is on 17-06-2024 (+2days -2 days).