WAVE ANALYSIS OF NIFTY MEDIA SECTORNIFTY MEDIA Sector may be sideways for a week or two, after that it will continue to form the wave C of the pattern.
Niftymedia
ZEEL positional target of 337/384/400+One can enter @CMP or wait for the stock to get support from green trendline or you can enter after breakout, I'm not a SEBI Registered analyst and I'm not responsible for your profit or losses.
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Sun TV - Major BreakoutSun TV clearly follow the 3-driver pattern. And currently the price has reached the Target 1 and after the breakout today at 570Rs, it moved rapidly to 590 and inching closer to the next target. And we have good lineups for Sun Network, it is possible to reach the second target or even the third target in the coming days.
NIFTY MEDIA - NEoWaveNifty Media is forming zigzag, which is the part of Wave-E of higher time correction. Soon we will see Nifty Media at 2700, 3200, and 4000 levels, but this will take time to achive.
Buy above 16 for target 20(18-20%)Broken multi week resistance with very high volume and nifty media is forming an uptrend.
Disclaimer: Views are for education purpose only. Do your own research before investing.
PVR Cinemas - Bearish callPOSITIVE SIDE:
1. If the market starts with a bloodbath as it happened for the last few monday, we can expect PVR to turn bearish. Corona lockdown is another such indication for the bearish movement.
2. Wait for the support break. Most probably it has to break when the market starts with a bloodbath.
3. Target 1 is a easy reach. If the moving average 20 & 50 collides after the target 1, we have high chance of reaching Target 2.
NEGATIVE SIDE:
1. U Shape has been formed, indicating bullish movement if the retest has been confirmed. So, wait for the support to break. And make the decision according to the market flow.
Zeel Long IdeaHeavy accumulation spotted. The stock is ready for a big up-move.
ALL the sector has done good in last months now its time for nifty media to shine
Bearish on Media SectorNIFTY MEDIA seems to have formed an inverted hammer at the top of the trendline. Till a close above the UTL, this could result in a fall down, and hence in the media stocks too.
