NIFTYMEDIA Technical Analysis & Market Insights - 22.03.2025
NIFTYMEDIA Technical Analysis & Market Insights - 22.03.2025
NIFTYMEDIA Technical Analysis & Market Insights - 22.03.2025
NIFTYMEDIA Technical Analysis & Market Insights - 22.03.2025
K Karthik Raja (Market Educator & Technical Analyst)
MCA | MBA | M.Com | MSc Psychology | PGJMC | CST | MDAT | CFA Pursuant Key Factors Affecting & Reasons
1. Market Sentiment: The chart shows a clear downtrend, with prices moving below all major moving averages MA. This suggests weak sentiment.
2. Technical Indicators:
- RSI (Relative Strength Index): 38.86 – Indicates that the stock is approaching oversold levels.
- ADX (Average Directional Index): 42.29 – Suggests strong trend strength, reinforcing the current downtrend.
- MACD (Moving Average Convergence Divergence): Negative values confirm bearish momentum.
- CCI (Commodity Channel Index): -79.29 – Suggests downward pressure.
3. Moving Averages: Price is significantly below all major moving averages, reinforcing a bearish outlook.
Key Watch
- Support Level: Around 1400-1450, if broken, could lead to further downside.
- Resistance Level: 2000-2100 (aligned with MA 390), acting as a strong resistance zone.
- Volume: Recent spike in volume suggests increasing activity, but price action must confirm trend reversal.
Volume Analysis
- Increased volume on down days suggests selling pressure.
- A trend reversal should be confirmed with high volume on up days.
Dow Theory Chart Analysis & Observations
- Trend Confirmation: Lower highs and lower lows indicate a bearish trend.
- Potential Reversal Signs: Need a strong bullish move with volume above key resistance.
- Long-Term Structure: The stock/index has moved into a long-term downtrend since the 2021-2022 peak.
Stocks to Watch
- Sun TV Network Ltd,Zee Entertainment Enterprises Ltd
Market Insights
Short Term View (Next few weeks to months)
- Downtrend remains dominant unless price reclaims 1800-1900 levels.
- Reversal signs would be a break above key resistance levels with volume.
Long Term View (1-2 years)
- Recovery potential exists, but the stock needs to break above long-term moving averages.
- A shift in sentiment or sectoral recovery could aid in an uptrend.
Disclaimer : This analysis is for educational and informational purposes only. It does not constitute financial advice. Please conduct your own research before making investment decisions.
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