Nifty media has an overall upward trend. If we follow wave strategy, we see completion of 3rd wave and 4th wave seems to have started. The support level for wave 4 has been given. Wave 5th can take it to further higher levels and most of our media stocks short-term target could get achieved in 5th wave. Disclaimer: This is a educational idea and not an investment...
The index is well above its 30 week MA. Recently gave a breakout above the trend-line. No significant resistance until 2600 levels.
Underlying stocks such as PVR and INOX are already started to move and has given around 20% and 30% returns in last month itself...Media is getting huge upside potential at low downside risk. I am just doubted that media will retest the setup or not...Starting to add low quantities in media would be good option. News are also flowing in market regarding opening of...
one can start watching Media stocks which can bottom out any time now to turn up
Keep eye on media index and stocks good for intraday
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NIFTY Media is being traded in a channel pattern for past 1½ years and now it is trading near to the resistance. I do think there might be a good up move in Media scrips, so if there is a breakout then do have an eye on Media scrips.
Bullish Harami identified in Media index. Media stock may show reversal. Trade as per your risk management.
Has fallen enough. Now one can expect a bounce-back or may test the zone for a bounce-back.
Nifty Media is breaking it's support day by day, reason might be booming of OTT & all the media contents are available on YouTube and mainly because of Midcap fall. This doesn't look really good and it is indicating that this index will fall further more in the coming days.
Nifty Media looking bullish , since this is at support zone
nifty media forming flag pattern and BO given so keep eye at PVR , ZEEL , SUN TV , DISH TV .
Swing traders can keep watch on Media sector for picking stocks as it has given upside B/O of trendline with very good volume and also showing clear bullish divergence in RSI. Wait and watch for approriate opportunity.
After a long term it finally seems that down trend for nifty media is coming to an end ... Look out for the breach of 2000 on nifty media can see good impulsive on after that
MEDIA index can bounce good if it didnt get followup below the previous bearish candle