Jul 14, 2017

NETWORK18 MEDIA & INVESTMENTS LTD.Buy/Sell/Hold? Short - Mid Term View 14 JULY 2017 For Trading Positional Funda-Technical Analysis Recommendation

Recommendation: Strong Buy
View : Short to Mid Term
Strategy : ?
CMP : bse cash 57.75

This is a Reliance Industries Ltd group company and operated many news channels including the no.1 business channel CNBC TV 18.
The same group company TV18 BROADCAST LTD is also listed on BSE and trading at 40 Rs. with lifetime high of above 200. We have buy recommendation of mid to long term on this stock too. Remember this stocks are momentum stocks if you are looking at short to mid term play. So active advice relating to entry and profit booking is necessary. 
As you can clearly see the stock is trying to break out above its 5 year resistance level of 80 and after that it will try to rise to 160 and then towards its life time high of 550 levels. We expect tgt of 80 in few weeks and then 160 level in 12-24 months.
To benefit from this move, when and what price to buy for fast movement and how to profit from options call buying and futures trading in this stock you can contact us.

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