TV18 Broadcast Surges Ahead TV18 Broadcast is making waves in the market with a significant technical breakout. The stock has successfully broken out of a falling wedge pattern, a bullish reversal signal, indicating a potential upward trend. Additionally, the recent golden cross—where the 50-day moving average crossed above the 200-day moving average—further strengthens the bullish sentiment, signaling long-term growth prospects.
Tv18
Thaka hua stock ideaTV 18
A very much Pitt chuka stock. Reliance company. Not well managed. Not making any money. But taking strategically bold big steps. High risk high reward setup here. Stop 41. Will decide target after seeing what it does at 58-62 band.
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.
TV18 Broadcast...45...Focus for Up MoveTV18 Broadcast
CMP - 45
Stoploss - 34
Probable Target 1 - 62
Target 2- Open
Review at Target 1
Expected Holding Period- 6-12 Months for Target 1
Swing/Investment
TV18This stock is looks like weak it broken down its major support zone which it's taken support three times 35 zone Now 35 zone act as a strong Resistance zone.
Bearish below 35 bullish above 35 if it sustain this level.
TV18TV18 Broadcast Target done. Now expect a downfall.
Disc: Only for learning purpose not a trade recommendation.
TV18Nifty 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 positions in this stock.
TV 18 Breakout + RetestThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Tv18 Broadcast - Watch for channel breakoutNSE:TV18BRDCST has good buying opportunity if it breaks out the given channel. Details provided in chart.
EURNZD on 1HREURNZD on 1 Hr, I might be wrong, so protect your money and don't listen to me. This is only for entertainment.
TV18 ready to flyNSE:TV18BRDCST forming cup and handle portion, please check the chart for buy call.
