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 Ltd. engages in the provision of media and entertainment services. It manages digital businesses including portals such as Moneycontrol.com, Firstpost, News18.com, CNBCTV18.com, and Betterc Photography. The company was founded by Raghav Bahl and Sanjay Ray Chaudhuri on February 16, 1996 and is headquartered in Mumbai, India.
NETWORK18
