NETWORK18 trade ideas
NETWORK 18Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
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Network 18 - In bottom of a channelNetwork 18 in day TF chart shows in consolidation since September.
Technical analysis: At the bottom of the rising channel with good risk-reward.
I am a web/online guy and been behind this stock for quite some time and closely monitoring their growth. Reading their quarterly reports as well.
With the increased number of news18 channels and online presence, I strongly believe this can be a potential multi-bagger in the next couple of years.
News18 channels( including news and entertainment) have been expanding to local languages too.
News18 online newspaper portals are expanding to local languages as well, along with youtube channels.
I did a quick check on archive.org of their news portal news18.com and really stunned by the changes for past couple of years.
Colours channel has been doing great nowadays in multiple languages.
Owns major business news channels including CNBC, moneycontrol.
Bookmyshow and other publications including forbes india, better interiors, overdrive, better Photography ec are under their umbrella.
IMPT - This stock has all the potential to fly once TV18 broadcast and Hathway broadband are merged to this company.
A subsidiary of Reliance.
Network 18 would be 3rd top media company in India after SunTV and ZEEL, and looking at the diversification the business, they can equally compete with them in few years.
If you have real Patience, this can turn out to a wealth creator as fundamentals are slowly improving over time.
Disclaimer: I hold this stock and it is not a buy recommendation. Sharing my accumulated knowledge during my research on this stock. And I may be wrong.
Network18 Media - Bullish Pin bar on channel supportNote: This is for educational purpose only.
There seems to be a bullish pin bar on channel support. There is a rise in volume as well which indicates buying pressure. RSI at 51 indicates neutral zone (neither bullish nor bearish).
Buy above high of the pin bar. SL should be a little below the lower channel.
breakout after long term consolidation.can be added only for first target 50 and second target 63 with SL 32.
NETWORK 18 - BREAKOUT REVERSALMedia Index hasn't really participated in the rally. Nifty Media is 122.4% away from ATH. Hence, some FIIs buying can be expected here. Network 18 also constitute around 6% of Nifty Media. I expect some rally in this stock. A small portion of the amount can be diversified here for positional play.
Target - 45
Type of Trade - Positional Swing
Duration - 45 days.
Returns expected - 18.4%
Double Bottom, Network18CMP-41.1
Fibonacci level-.618(40.95)
50Days EMA-39.4(approx)
we can see the price is in consolidation mode since 23rd July. if invested don't panic, its just testing the patience level of investor. fundamentally it is awaiting for merger news confirmation for further upwards journey. on charts, double bottom formation is getting created which suggests a breakout is very possible in a few days.
Target is still at 50 from where it had faced rejection twice in the current trend.
Network18, support and resistance for coming weeksCMP-47.65. The first resistance it can face is around 49.65 which it can break tomorrow considering the result day on 22nd July. upward side the next resistance is around 59 which in previous years it hadn't breached. downwards side it has built a strong support at 39.5 level. RSI level at CMP is around 70 which suggests strong momentum going forwards, the same is also confirm in MACD, which is making a bullish cross over. trading volume is also more than 5days average, all technical parameter suggests that the bull run may continue till 60levels.
note: I only share views in which I am personally invested. sharing is just for educational purpose, pl correct me and educate me if the analysis seems wrong anywhere, suggestions are welcome.
NETWORK18Looks good in the short term for 49.65. (roughly 14% p.a.)
The RSI in this case looks promising for the up move. However be cautious and keep a stop loss at 42.85.
View on Network 18The above Graph shows us the stock move with respect to balance sheet and debt to asset ratio
Network 18 : Risky BuyCounter 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 buying at 27.50 with stop loss below 25 ( daily closing) for target 29.2-34 and even higher.
Mar-17 was the month when it had posted bottom of 26 and then moved on for 60+ level.
Network 18 MediaStock seems to be gathering momentum and can test 57-58 levels in the coming short term.
NETWORK18- BULL OR BEAR WIN???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.
