TVTODAY trade ideas
tv todayTV Today Network (TVTN) operates news channels and is promoted by Living Media India (LMIL). The latter had been conducting news broadcasting business through one of its divisions, 'TV Today Division' since 1994.
TV Today Division has now been transferred to TVTN. It runs 24 hours news & current affairs channels, namely, 'Aaj Tak', “Tez” and “Delli Aaj Tak” in Hindi and 'Headlines Today' in English.
The company has a tie-up with TheOneAlliance to distribute its channels. TVTN has also launched its channels in US, UK and Continental Europe.
The India Today Group began with a single magazine in 1975. Today it is India's most diversified media group with interests in magazines, newspaper, television, radio, internet, books and music.
TvtodayStock name = Tv Today Network Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
TV Today Bullish ViewHi, as per my analysis, NSE:TVTODAY has been given a breakout and monthly closed above level of 210. Best positional buy entry is 210 with stop loss of 190 (-20 points risk). I am expecting up side target of 227 (+17), 237 (+27) & 259 (+49). This could be low risk and high reward idea,
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
TV Today Share analysisTV Today has decent financials and pays regular dividends.....But will they be able to face challenges that come with digitization? That is a serious question as it will affect their business going forward. But I'm looking at this 70% bias on technical analysis and only 30% bias on fundamental analysis. I'm initiating positions in this stock but target would be 450+ based on the chart patter, provided it sustains above 125 in the next few weeks/months. If it breaches support then free fall....But lets hope thats not the case...I'm exposing only 5% of my capital on this stock and will increase it to 10% max to average out...
TVToday - Bullish tradeComplete media sector is in flavour post big rally in Zeel.
This stock gave a breakout from inverted head & shoulder pattern in weekly chart which clearly indicates that long term downtrend is changing.
You can go log at CMP, add more on dips. Hold patiently for another 6-12 months and hopefully this pattern will show you first target of 430 and second target of 540.
Traders can keep a sl of closing below 270.
Good luck.
TVTODAY..NSE:TVTODAY
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