CNXMEDIA trade ideas
NIFTY MEDIA | Finally the sector is recoveringNIFTY MEDIA | Finally the sector is recovering
Wouldn't be surprized if SUNTV, ZEEL doubles this year from this level ( Attaching those charts in comment)
SUNTV : 553 (CMP)
ZEEL : 216 (CMP)
Nifty Media - 2000 Levels will be quick Price picking up volumes to reach the resistance levels of 2000 in a quick succession. From then it should either break the resistance in a single try or it will get rejected exactly at the resistance and hang around for a while to break it anyhow.
If you are long in any media stocks just wait for this index to touch the resistance levels.
Nifty Media- Weekly VIewNifty Media was able to break out on the chart, but not able to move upside and currently treading below that breakout level. We can see currently consolidation between 1775 to 1600 levels, if index breaks 1600 level and sustain below this we can see some major downside on the chart, or if Nifty Media able to break the 1775 level and sustain above this we can see some major upside on chart.
CNX Nifty Media Trend ChangeCNX Nifty Media on weekly scale has broken out of downtrend. Positive signs ahead.
Index #Niftymedia Index #Niftymedia
After a long negative trend all set to give break out.
work on little fundamentals and choose the best one from media for long
What's your Opinion on media stocks?
CNXMEDIASupply zone ahead.
Media stocks might resist to move further from here.
If can't sustain this area then fall from here. Wait for confirmation.
Use for Education Purpose.
Trade according to your analysis.
Note:- This is my Personal view. Contact your Financial advisor before taking any Investment decision.
CNX MEDIA The index has retraced 50% from its lows and is respecting the trend line support on lows. On radar for some moves in the next few months.
Nifty MediaIn Bearish Channel but box theory can lead it to gap filling to around 1500-1550 level. Once the bearish channel is broken (by End of Quarter III) It will be very bullish
Nifty Media Hits New All-Time Relative LowsPrices on an absolute basis have not made new all-time lows, but on a relative basis, they have. The Nifty Media Index continues to underperform the Nifty 100 as this multi-year trend rages on. We’re not here to catch falling knives or be right about calling a top or bottom, we’re here to make money. And we do that by riding the strongest trends as long as they’re intact, which in this case it most certainly is.
Nifty Media Index Could Fall Another 25%Nifty Media has failed to gain any meaningful traction over the last month and is now breaking down from its short-term bear flag. If prices are below their recent highs of 1,205 on an absolute basis, then we’d expect a retest of the lows near 971 and an eventual break to new lows that targets 830 over the coming 6-8 weeks. We’re not here to catch falling knives or be right about calling a top or bottom, we’re here to make money. And we do that by riding the strongest trends as long as they’re intact, which in this case it most certainly is.
Nifty Media Index Ready to go for 4000 level !!TREND ANALYSIS
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Opportunity to add Stocks in Portfolio from Nifty Media Index.
Over sold Index Media --- Buy Zeel and Suntv NSE:CNXMEDIA
Buy Zeel Between 350-360
Buy Suntv Between 500-515 Target 545
Trading - Make it easy - Part 7Its said, "Knowing risk tolerance level is the key to success in trading". Let me explain this with an example. Refer the above chart. Two traders A and B saw double top formation and decided to go short. Trader A used leverage above his risk tolerance level. Trader B took trade as per his money management.
Both traders went short. After few minutes price start to retrace a little. Trader A got emotional. He have risked more and if the trade hit stop loss, his loss will be more. He got panicked. After some time price started to fall. Since trader A was panicked he booked small profit and exit the trade thinking the price will go up again. After few minutes price reached the target and trader A was sad.
Trader B was casual as his risked amount was normal and exit his trade taking full profit. Both traders had same analysis and traded with same plan but did not get same profit. To avoid such mistake, one should remember that, trading is a process. One trade wont make you rich. To carry on the process of trading we should know our risk tolerance level and follow money management.
