ABOUT THE COMPANY:
TV18 Broadcast Limited, a subsidiary of Network18, manages its primary business of broadcasting. It runs a news network in India, spanning business news, general news, and regional news. Brands like CNBC-TV18, News18 India, and CNN News18 are part of this company.
Besides the news network, the company also operates a portfolio of television...
Nifty is behaving Violantly as if "He doesn't Likes violent but violent likes NIFTY" meanwhile we have several other stocks to see which we forget in between one such stock is TV18 in monthly Demand zone as per ones Risk appetite look for long opporunity for very short tenure, Here i am just presening analysis and not any recommendations though i have some...
reversal possible only from 57 levels. bounce would come from there . either it will retrace 50 60 % percent of the fall or start big rally for new high . will review once again .
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
My Analysis on TV18 Network:
1. Formed Ascending triangle pattern and looks like breakout happened with 2nd green candle(today)
2. Expecting 10% target of Rs.55
3. I bought this stock for swing trading for Rs.49.85 and expect a 10% upside in the next 1-2 weeks.
Note:
I'm not recommending buying this stock. This is for education purposes.
This is my view, based on...
Hi Friends,
I am not much of a fan of Rising or Falling Wedge. However, TV18 Broadcast is looking good backed up by CNXMEDIA Index breakout.
LONG
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BUY above 30
STOLOSS = 27
Target = 40-41
I hope you will benefit from this knowledge
PS: Twitter handler = MetaVish.
