NETWORK18 - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.1

Here’s a detailed technical analysis of Network18 Media & Investments Ltd (NETWORK18) based on the data provided

📉 Trend & Momentum Overview

Current Price (₹56.5) is slightly above 50 DMA (₹55.4) but below 200 DMA (₹59.3) — indicating short-term strength but long-term weakness.

RSI (47.7): Neutral zone, suggesting lack of strong momentum.

MACD (0.75): Mildly positive, indicating early bullish crossover.

Volume: Slightly below average, implying low conviction in current price action.

Conclusion: The stock is consolidating with a slight upward bias.

📊 Chart Patterns & Indicators

Bollinger Bands: Price likely near the middle band, indicating range-bound movement.

Support Zones

₹54–₹55: Near-term support from recent lows and 50 DMA

₹50: Psychological support and previous swing low

Resistance Zones

₹59–₹60: Major resistance from 200 DMA

₹65: Next resistance from previous price action

🔍 Short-Term Momentum Signals

Mixed Indicators

MACD crossover = early bullish signal

RSI below 50 = neutral momentum

Price near key moving averages = indecision

Watch for: Breakout above ₹60 with volume for trend confirmation

🎯 Optimal Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 54 – 56 Near support, above 50 DMA

Target Exit 59 – 65 Resistance from 200 DMA and swing

Stop Loss 52 Below recent support

🔄 Market Phase

Status: Consolidating

Bias: Mildly bullish

Outlook: Watch for volume surge and RSI breakout above 50 for stronger upside signal

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