Continue By Wave count , Take 5% risk from your capital , Once market Move to the end of the Arrow you can close the trade, that will be1:1 risk reward ratio , if you want to hold till the end of wave 5 , then move the stop to its entry once it reaches 1:1 (End of the Arrow), You can also close 50% trade once it reach 1:1 (End of the Arrow ) then the rest of the...
secured its board's approval to restart the regular operations of its channel, NDTV Profit, on Dec. 8, according to a Tuesday filing.
The company halted the operations of the channel in June 2017.
Stock Name - New Delhi Television Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 268
#This is not Buy and Sell recommendation to any one. This is for...
Anticipating an extended bullish flag with on going consolidation. Supported with continuous drise in delivery rate. This may give 10-15% returns in a 2 month time frame.
Being a adani group company it has high beta and may show high volatility. It not a recommendation to buy it's a narrative representation of chart pattern .
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
Please go through the chart of NDTV where in we can see the structure that is looking like an impulse. In minor wave it is in 4th wave 5th wave may go up to 273.
Note it.
This is not a trade reco.
Regards.
Risk Reward Ratio 1:1 , take 5% risk from your capital. Don’t close the trade in-between . Don’t book partial profit ,Target two is optional wait for the target to achieve
73,50,19,10,5 and ZERO is the possibility after this double top!!
Elliott's bullish 5th wave is complete and the least target is 229(50% down) with this bearish divergence
channel viewers are about to go to zero as board members and journalists left
NDTV Seems ready for bigger up move, stock has consolidated long and now breakout resistance trend line with huge volumes.
Can long above 280, add more if it comes to 260, 240, 220, 200.
SL 160 Closing basis.
Targets 300, 350, 400, 450, 500+
Good fundamentals, debt free, good promoters and FIIs holding.
Pl like and follow.
Saptarish Trading
NDTV NSE is bullish if 277 holds. NEW 52WEEK High. Fresh Breakout. Positive Trend.
Disclaimer: Educational Purpose Only. Not Buy Sell Reco . Not Sebi Registered.
