durlavbanskota

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This is a sector based outlook for the media stocks listed under nifty media index After consolidation, the graph is looking to reclain the 200 weekly moving average and continue it's uptrend.

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As seen in the chart, delhivery is currently trying to reverse it's trend from a bottom of 300. 350 has acted as a strong support and 400 is proving as a good resistance. As per pattern, since the stock was in a long term downtrend, the zone of 400-350 can be considered as accumulation zone as the buyer's activity seems quite strong here. A close below 350 can...

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As seen in the chart, the range of 24000-25000 has acted as a good support zone. And a quick green candle pushing the price upwards is a positive sign. This makes BTC is a good long candidate as long as the support zone holds. A red weekly candle close below the support zone can be considered as stoploss.

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SFUND is currently in it's all time low and had a big green candle from it's all time low. With an SL at it's low (0.665), a long positional trade can be made as long as the low holds. This can provide a good risk to reward as the SL is close.

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NEAR is currently in it's all time low territory and is holding it's low for the past few trading sessions. With an SL placed at all time low, a long trade can be made with a very good risk to reward.

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After a long bearish phase, the stock has touched it's 200 moving average in weekly time frame and i currently hovering around it. 116-120 can act as a strong support for IEX. As long as the support holds, we can expect a pullback. And if there is a consolidation for certain period of time, we can expect a change in trend as well.

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After the recent sudden spike, inspite of breaking the low, a volume spike with no time spent below the all time low, we can expect a steady accumulation once it spends some time in the support zone of 350-380 Bounces of the support zome will be a sign to accumulate and hold for an upmove.

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Currently finding it's base at a very good support zone, longs can be considered with a stop loss below 1250 as the risk to reward for a positional buy is favourable.

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The support has sustained for a few months now, along with a rising trend in RSI Metropolis can show a strong upmove once the current range shows a break out upward. Stoploss in the recent bottom can give us a favourable risk to reward.

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Gland Pharma has been in a long term bearish trend, which has it's bottom around 856 and has made a morning star pattern in the weekly time frame along with a bullish RSI divergence. A continuation green candle can act as signal for short term reversal. It can act as a bottom picking candidate with a stop loss around all time low, providing us with a favourable...

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As seen in the given chart, Nykaa seems to have bottomed out currently, and a breakout from the bottom range with a continuation green candle can give confirmation to a change of trend from long bearish trend to a new bullish trend.