PrasannaVasu

TV18 Broadcast - Poised for 15% up move

Long
NSE:TV18BRDCST   TV18 BROADCAST LTD
Rational : 1. Explosive move (Flag Pole) 2. Consolidation (Flag) 3. Breaking out on upper side with big volume , indicating interest in the stock. Today price action indicated trade setup may work because price rebounded from trend line .

Trade setup: Entry : CMP . SL : 27.5 (Swing low) Target 1: 36 (Origin of fall). This trade offering 2:1 RR if it works as planned
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.