Counter had tendency to bounce from 25-27 level which has already happened twice on Sept 13 & March 17. Today's volume was above average. RSI and CCI has given positive cross over. RSI is showing + divergence. Overall pattern is still not giving that kind of confidence to suggest for low risk takers.
Only delivery traders having high risk appetite should go for...
NETWORK18 looking good on chart as stock was given head and shoulder pattern breakout and now near neckline so accoding to rule stock have to take support here and move for strong bull run.
but RS says- Network 18 will fall after result if stock now able to cross my point level 58.90 and this fall can be more then 3% and 10% also so we carefull in this stock for long.
Network18 Media & Investments Limited is a media and entertainment company. The Company is engaged in the advertisement and sponsorship, magazines advertisement, and mobile short messaging and mobile advertisement. Its segments include media operations, film production and distribution, and others. It has interests in television, Internet, filmed entertainment, e-commerce, magazines, mobile content and allied businesses. Its digital content and commerce segment includes a diversified portfolio of brands catering to a range of interests and services, including news and entertainment, markets and finance, online shopping and ticketing, and mobile phone services and applications. Its digital content and commerce segment includes Moneycontrol.com, News18.com, Pradesh18.com and In.com. It also operates digital commerce brands, including HomeShop18, burrp.com and bookmyshow.com, and publishes Forbes India. It operates news channels, such as CNBC-TV18, CNBC Bajar and CNBC-TV18 Prime HD.
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NETWORK18
