NETWORK18 - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.4

Here’s a detailed technical analysis of Network18 Media & Investments Ltd (NETWORK18)

📊 Trend Overview

Current Trend: Mildly bearish

Phase: Consolidating with downside bias

Bias: Neutral to negative, as price struggles near key moving averages and momentum indicators weaken

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹55.3

200 DMA: ₹58.2

Current Price: ₹55.7

Price is hovering around the 50 DMA and below the 200 DMA → signals indecision

Flattening 50 DMA and declining 200 DMA → trend lacks strength

🔹 RSI (Relative Strength Index)

RSI: 53.1

Neutral zone → no overbought/oversold signal

Indicates lack of strong momentum but room for upside if supported by volume

🔹 MACD (Moving Average Convergence Divergence)

MACD: -0.26

Slightly negative → signals bearish divergence

No bullish crossover → trend remains weak

🔹 Bollinger Bands

Price near middle band → consolidation zone

Bands narrowing → low volatility

No breakout or squeeze pattern visible

🔹 Volume Trends

Current Volume: 30.1 lakh

1-Week Avg Volume: 61.8 lakh

Volume significantly below average → weak participation

Suggests lack of institutional conviction

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 52.0 Minor support zone

Support 2 48.0 Previous swing low

Resistance 1 58.2 200 DMA, immediate ceiling

Resistance 2 65.0 Intermediate resistance

Resistance 3 72.0 Trend reversal confirmation zone

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹52–₹54 (on pullback near support)

Exit Zone / Profit Booking: ₹65–₹72 (resistance and breakout target)

🔍 Momentum Signals

Short-Term: Weak momentum, MACD and RSI not confirming strength

Medium-Term: Consolidation likely to continue unless price breaks above ₹58.2 with volume

Volume: Needs improvement for any meaningful breakout

🧭 Conclusion

NETWORK18 is currently consolidating with mild bearish undertones. Technical indicators show indecision, and the price is struggling to reclaim the 200 DMA. Traders may consider accumulating near ₹52 with a tight stop-loss, targeting ₹65–₹72 if volume confirms a breakout.

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