CNXMEDIA trade ideas
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 Ascending Triangle's Trendline. Usually Monthly close is considered strong confirmation, but since the entire Bullish Triangle was being formed at Monthly level, then we need to test Breakout / Breakdown at Quarterly Levels ONLY
1. All Channels were expecting Media Index to Blast during Mar - Apr - either due to Election Campaigns or IPL viewership - But Operators had other idea. They crashed the Media index continually for 3 months (Jan - Mar) - resulting in Quarterly Chart level Breakdown below Trendline
2. In April - the index recovered a bit, but took resistance at Trendline
3. In May - the Index fell again - which confirms the famous Breakdown - Retest - Fall Pattern
4. Jun 4 started with another mega Crash, but if June as well closes below the Trendline then its a Quarterly Confirmation of Breakdown which means MAJOR Correction
But nothing was wrong in Media Sector to face a Correction of this Magnitude + Modi was back in Power - so Crash had to be Stopped - and Operators had less than 1 month to prevent the Crash
Result: Post the Election Results day - the Operators hurried and pumped in Millions into Media Sector to ensure the index came right inside the Trendline
Now look at the Daily Chart - After a Mega Blast from June 4 to Jun 12 - the Price came within the Trendline and then Operators gave up and price started slowly easing down back to the Trendline to take support from inside
This is the Reason - why I posted the Gif file this morning highlighting a Running Race where the Media index came within the Finish Line and started Gasping for breath
Since today marks the End of a Quarter - the Fake Breakdown created during previous Quarter had to be recovered by Hook-or-Crook - now that the recovery is done - there is no more money being pumped into and the stock was expected to fall back to support level and hence I said FLAT to Mild Negative
Its a Long Storyline - Its a Huge Operator Game, but if any of us is able to Decode this strategy - then we don't have to be afraid of Operators ever again
Please share your views - Does this analysis makes sense ? Do you get a sense of how game is played over a Long time ? We need to be expert at Connecting the Dots to become Millionaires in this Cheating World
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 - one such stock which has recently completed a 12 Year Breakout in December and rising 62% already in just 1 week of Jan 2024.
Monthly Timeframe shows - Inverted Head & Shoulder pattern (BO done) and currently facing another Multi-year resistance. Once above 16 WCB the stock would hit a Blockbuster run to 19, 27 and finally long term target of 105
Dont miss this multi-bagger
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Decoding the Mystery behind Dec 20 Fall - Part 11. Nifty Media - the Biggest Fall among its Peers (-5.11%) - Comparison between Monthly & Weekly Chart
Month - Beautiful Cup & Handle Pattern - BO attempted today but didn't sustain (no change in pattern)
Week - Inside the Handle - there is an Inv. H&S pattern - Look at the rejection today from BO + Resistance zone of 2500
Neither is this the Biggest Weekly fall (as per weekly chart) nor does it negate the current Bullish Pattern.
After 2-3 months when you see the weekly chart - does it really matter whether it fell 5% in 1 day or 5% in total across the entire week ? no one cares. So why so much noise ?
