NETWORK 18 MEDIA LONG
Here is the weekly chart of network 18 media. The marked purple zone is historically a very crucial zone (47.85-50). It broke out with great volumes and hit circuit. Also this breakout is the breach of a 7 year old crucial zone plus a resistance trendline coming all the way from Dec'14!! (OPEN THE CHART FOR DETAILED VIEW)
LEVELS:
Entry: As soon as possible (Can't give an exact price as there will be a gap up opening tomorrow, place a limit order and pray it gets executed at the best possible price tomorrow)
Target 1: 59.50
Target 2: 64.50
Target 3: 71.50-72
STOPL LOSS: 46
TRAIL STOP LOSS
RSI: Shows momentum
Volumes: Can't be better
MACD: Bullish
I would recommend going long on Network 18 Media for a swing trade
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT IT!!
THANKS!
LEVELS:
Entry: As soon as possible (Can't give an exact price as there will be a gap up opening tomorrow, place a limit order and pray it gets executed at the best possible price tomorrow)
Target 1: 59.50
Target 2: 64.50
Target 3: 71.50-72
STOPL LOSS: 46
TRAIL STOP LOSS
RSI: Shows momentum
Volumes: Can't be better
MACD: Bullish
I would recommend going long on Network 18 Media for a swing trade
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT IT!!
THANKS!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.