DEN NETWORKS HAS MET THE RESISTANCE AT 98.
THE SHARE PRICE IS EXPECTED TO REACH THE LOW SIDE OF 83, IN THE COMING DAYS.
IT IS BETTER TO BOOK PROFITS PARTIALLY, IN CASE ONE WANTS TO HOLD.
Den has damn green volume within it.
you can go for long.
1 - high volume observed
2 - cup pattern
3 - accumulation has done up to now
maintain stop loss based your type of long
In weekly, double bottom formed then breakout happened above neckline, also round bottom formation is in progress,
also candles are pushing the upper BB upward and BB is expanding
with a sl - 93, 1st tgt - 132, 2nd tgt - 168, long term tgt - 229
Stock has formed a small IH&S pattern with a target of 130. SL can be kept at 98. Once resistance of 113-114 is cleared, it can move sharply to the target.
DEN NETWORKS LTD
BUYING ABV :-106
BUYING RANGE:- 106 TO 103
TGT :-125 130 134
SL- 99
Everything mentioned over chart... Not SEBI Registered ...
Views are personal... Consult your investment adviser before making trade....
Stock trending upside. First target 99-103. Second is 115-119 and the Third is 132-135 level. Price above on all Moving averages. Management commentary is very strong.
consolidation appears to be coming to end stage at bottom levels. And stock is finding major resistance every time around 100-105. A break out may happen at 105 level. and next resistance is at 120 levels.
Its only an opinion and not recommendation in any way for investing or trading.
DEN Networks Limited is a cable television company. The Company is engaged in distribution of television channels through analog and digital cable distribution network, and provision of broadband service. Its segments include Cable, which consists of distribution and promotion of television channels and Broadband, which consists of providing Internet services. Its geographical segments include within India and overseas. The Company's products and services include cable television, such as DEN Digi View, DEN DigiI View HD, personalized customer care and DEN Excite! Value Added Services, and broadband, such as DEN Boomband. DEN Digi View is a digital cable service with all channels in digital versatile disc (DVD) like picture and stereophonic sound. DEN DigiI View HD is a high definition cable service with 1080i video resolution and Dolby Digital. Its DEN Excite! Value Added Services include multi-genre digital music service. blog.telly, City Bytes and events search guide, and games.
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DEN
