Details:
Asset: Network18 Media & Investments Ltd.
Breakout Level: 55
Potential Targets: 62, 68, 72
Stop Loss: 50
Timeframe: Short to Medium Term
Rationale:
Network18 is trading near the upper boundary of a descending channel pattern and is showing signs of breaking out above ₹55. Volume buildup and consolidation near resistance indicate strong buying interest.
Market Analysis:
Technical Setup: Channel breakout in progress, supported by increasing volume.
Catalysts: Positive sector momentum and recovery in media & entertainment space.
Risk Management:
Stop Loss: ₹50 to limit downside in case of false breakout.
Capital Allocation: Prefer small-to-medium position due to relatively volatile price action.
Risk-Reward Ratio:
Favourable with an upside potential of ~30% from breakout level.
If sustained above 55, Network18 may witness a strong uptrend towards the ₹72 zone.
Asset: Network18 Media & Investments Ltd.
Breakout Level: 55
Potential Targets: 62, 68, 72
Stop Loss: 50
Timeframe: Short to Medium Term
Rationale:
Network18 is trading near the upper boundary of a descending channel pattern and is showing signs of breaking out above ₹55. Volume buildup and consolidation near resistance indicate strong buying interest.
Market Analysis:
Technical Setup: Channel breakout in progress, supported by increasing volume.
Catalysts: Positive sector momentum and recovery in media & entertainment space.
Risk Management:
Stop Loss: ₹50 to limit downside in case of false breakout.
Capital Allocation: Prefer small-to-medium position due to relatively volatile price action.
Risk-Reward Ratio:
Favourable with an upside potential of ~30% from breakout level.
If sustained above 55, Network18 may witness a strong uptrend towards the ₹72 zone.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.