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