NeeteshJain

TV18 Broadcast - Up-Trending Channel

Long
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
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