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.
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Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.