NeeteshJain
Long

TV18 Broadcast - Up-Trending Channel

BSE:TV18BRDCST   TV18 BROADCAST LTD.
It is been observed that the price action is trending up in a channel on a weekly chart. On Monday, the price action breaks out and close above the important resistance level of 49 on dally chart, indicating a bullish signal and buyers dominance in price action. Now the price action shall move up as it is trending on weekly chart.

Target: 53
Stoploss: 47.50
Risk Reward: 1:3
Neetesh.... what do you think about this??


I am holding long position (5000 shares) at price of 47.50.....
I can see in chart that there is no resistance long-way so can i expect bing move in TV18??
+1 Reply
NeeteshJain pravinpatil26
@pravinpatil26 Yes, you can expect a big move from here on as the price action has already broken out from resistance level of 49 and now you may expect 53 levels by next week.
I must tell you that you're doing very well and posting some very informative and clear-view charts. Just keep it up, Best Regards.
Reply
pravinpatil26 NeeteshJain
thanks neetesh
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out