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Tv18

TV18 has 50% upside now open.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 entertainment channels, sports channels and digital platform. The Group also has a presence in the film production and movie distribution business through its studio –Viacom 18 Motion Pictures. TV18's infotainment subsidiary AETN18 Media Private Limited operates a factual entertainment channel - History TV18. ABOUT THE CHART: The stock price of the company gained almost 80% between Mar.2023 and Sep.2023. This phase was an impulsive 5-wave advance(Elliot-wave theory) that has been labelled on the chart as 'wave 1'. From the beginning of Sep. and till almost the end of Oct., the stock corrected nearly 50% of 'wave 1'.This correction was an Elliot-wave zig-zag(labelled as ABC). The stock then proceeded to move upwards after the 'wave 2' bottom and managed to make a minor 'wave i' of "WAVE 3" that it is now in. The "WAVE 3" target is projected close to INR70-72 zone(50% from CMP) On Friday's session, the stock broke out from a trendline resistance along with a massive volume gain. On the down side, INR 43 can be now used as a 'SL' level. NOTE*- The views expressed are based on personal opinions and observations. Please do thorough research/analysis of any instrument before making any trading/investing decisions.
NSE:TV18BRDCSTLong
by neeraj_2_sharma
6