Media sector have been on a lackluster in this whole rally. I have been observing it since past few weeks, it is setting up well.
Network18 from this sector is showing good strength.
After closing above the 87 it is now seen sustaining these zone (68-87). Now as the overall sector is showing strength we can keep an eye on this. Current zone which was acting as a resistance shall now act as a support. So a weekly close below 68 shall invalidate our view.
On the upside 121- 137 - 154 are the levels that can be tested which shall act as the next resistance in the future if moves in the direction of trend.
It is sailing above all its key moving averages.
Disclaimer: I'm not a SEBI registered. This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Network18 from this sector is showing good strength.
After closing above the 87 it is now seen sustaining these zone (68-87). Now as the overall sector is showing strength we can keep an eye on this. Current zone which was acting as a resistance shall now act as a support. So a weekly close below 68 shall invalidate our view.
On the upside 121- 137 - 154 are the levels that can be tested which shall act as the next resistance in the future if moves in the direction of trend.
It is sailing above all its key moving averages.
Disclaimer: I'm not a SEBI registered. This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
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.