NETWORK18 trade ideas
Network18 : Digital Rights of IPL 2023-27A good portfolio bet.
While Disney Star retained their Indian sub-continent TV rights, the most sought-after India digital rights deal was acquired by the Reliance-backed Viacom18 at a whopping Rs 48,390 crore (Rs 143.34 crore per match),
which also won the non-exclusive Package C.
Package D with a base price of Rs 3 crore per game with overseas TV and Digital Rights on offer was sold to Viacom18 and Times Internet.
The digital platform has a wider reach than TV streaming rights given the fact that 12 nations are covered under ICC provide. This gives TV18 and its overseas partner Viacom to reach over 3 Billion subscribers, which is mind-blowing.
Technically, on a weekly time frame, a prominent Pin Bar emerged. If the price trades above the high of the pin bat, more likely the stock would deliver 33%+ returns in a short term (Say 1-2 quarters)
breakout retest pattern (multi year )Network 18 sees some massive breakout retest pattern on multi year levels and here to sustain if closes above 100 in weekly closing basis. saw a circuit revision to 20% yesterday and traders can hold with sl of 98 and people with short term view can hold with 94.95 weekly closing basis.
Possible scenario for Network18Current trend channel Network18 is moving in.
My views on Network18 are bullish but with the current market scenario, a bull run can turn bearish pretty quickly. So if at all you want to trade in this script, go small initially and then choose to go big if you see potential for a good move. Also, you best bet would be to buy at support.
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This is not a recommendation though. Trade as per your knowledge and your risk appetite.
And do not base your trade on what I give. Please do your own research before investing!
I don't post often but when I do, the trades are potential movers for the week! So trade and book your profits accordingly.
Happy Trading!
Network18 Long Network18 is in a great position for long call
The stock has retraced much deep into the range as expected since the size of the breach is little less than the range height.
See the volume activity during down move indicating a healthy retracement.
Now the stock is in consolidation with a upward wedge formation with low volume (Low volume consolidation is gold as it suggests the big player is building order for the next move)
Watch out for a good 1 hr green volume above average which will suggest an entry.
SWING TRADE - R:R - 1:2 - NETWORK18 MEDIAPotential Opportunity as Swing Trade in NSE:NETWORK18 and also predicting positive for long term investment.
SWING TRADE - RISK TO REWARD - 1:2
ENTRY - 93
TARGET - 123
STOP LOSS - 78
This is for Educational Purpose only, please apply your prudence & consult your adviser before any investing.
#nse #swingtrade #nifty #network18 #reliance #riskrewardratio
NETWORK18#Watchlist
#Network18 (M): 94.2 CMP,Looks promising for the future:)
Network18 is now reversing trends and breaking the 2014 (multiyear horizontal resistance) barrier.
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.