Nifty Media Index – Strong Reversal from Support! The Nifty Media Index has shown a strong bounce from a crucial support zone, gaining +10.83% in recent sessions. This move indicates a potential trend reversal!
📊 Key Observations:
✅ Support Retest Successful: The index held above the key 1,450-1,500 zone and bounced.
✅ Breakout Confirmation: Price
Nifty Media Index - Operator Play1. On Jan 23, 2024 - Nifty Media Index Fell 11.25% 👆👆👆 and during my Analysis I mentioned that it's a FAKE Breakdown on Weekly or On Monthly
2. Now, Look at the latest Chart of Nifty Media - Comparison of Monthly (Left) Vs Daily (Right) timeframes
During Jan - Media Index fell below the Bullish As
NIFTY MEDIA - breakout possibe After consolidating for a longtime this chart is giving breakout. Also ABCD pattern can be observed in the chart. One can wait for a stronger breakout and trade above the resistance
zone. Try to analyse media stocks , mostly the rally can be seen in top 5 contributors.
The Next Blockbuster Film - B.A.G Films & MediaNifty Media India is on the Verge of Break out. On Monthly timeframe - There is a Beautiful Cup and Handle Structure with an embedded Inv Head and Shoulder inside the Handle
With the Media Index brimming near breakout level - some of the Media stocks are also at same situation
B.A.G Films & Media
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Displays a symbol's price movements over previous years to identify recurring trends.