NDTV Stock Breakout – 3 Powerful Indicators!Feb 21, 2022
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While trading the market it is important to understand the behaviour of the market. We have published a report in which we recommended NDTV by using simple technical tools along with price patterns
Ichimoku, MACD and Price Pattern can give strong trade setup and if combined with appropriate time tools one can trade exceptionally well.
Look at the below chart of NDTV published in the Equity research report on 11th February morning before markets opened – "The Financial Waves short term update"
NDTV Daily Chart as on 11th February 2022 (Anticipated)
NDTV Daily Chart as on 21st February 2022 (Happened)
Waves Analysis as we published on 11th February 2022
On the daily chart, in the previous session prices formed a bullish candle. A daily close above 143 levels will confirm the breakout of the rounding bottom pattern. MACD is above 0 and on Wednesday the MACD line crossed above the MACD signal line which indicates that bullish momentum has increased in this stock and may continue in the coming session.
In short, the view for NDTV is bullish. Use dips towards 136-137 as a buying opportunity for a move towards 155-156 levels as long as 132 holds on the downside
Happened: After we published the report the stock moved exactly as we mentioned in our report. NDTV made a dip near the levels of 136.25 as per the range we have mentioned and reached its all-time high levels near 186 levels. Within 3 trading session the stock has given more than 36% return.
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