Kobir: I have a favorite movie that is "Mr. Nice Guy" by Jackie Chan.
Kobir: My favorite movie is "Mr. Nice Guy" with Jackie Chan.
> My favorite movie... is more common.
> Use "with" because Jackie Chan is the actor, not the director or writer.
Me: Nahid's favorite movie too. I watched that many times.
Me: It is my favorite movie, too.
> Missing subject and verb
> Use my instead of Nahid's. Talking about yourself in the third person is very strange in English.
I've watched it many times.
> Verb should be in present perfect: have+past participle (See: http://www.englishpage.com/verbpage/presentperfect.html)
> Also, use "it" or "that movie," but not just "that."
The 's of Nahid's shows possession.
> Nahid's house, Nahid's friend, Nahid's job, Nahid's favorite movie