TV 18 broadcast for NSE:TV18BRDCST by CautiousChartist

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trendanalysis chartpattern indicator tv18broadcast

6 unsuccessful attempts made to breach 39.5

Lets see if it is successful at it's 7th attempt.

Buy only after it closes above 40 because RSI is in the overbought range.

Comment: 7th attempt at 39.5. Lets see how it closes

Comments

Nice analysis! Learnt a lot from this! Really helpful!

Himanshu93

@Himanshu93, Thank you

This has a chance to hit UC tomorrow? Can the UC locked shares hit lower circuit without giving any time in between to small investors (operator trap)?

Himanshu93

@Himanshu93, Alok industries,Ruchi Soya, Birla tyre, Adani green, IDBI are some recent examples you can check.

CautiousChartist

@CautiousChartist, yes I checked! Will stay away from such stocks. Thanks!

CautiousChartist

@CautiousChartist, Hathway and Network 18 in continuous lower circuits! Same Alok thing happening with these shares.

Himanshu93

@Himanshu93, Nope. Hathway, Network18 have given many opportunities to enter almost everyday. This is just a pullback in the same momentum. SIP opportunity.

CautiousChartist

@CautiousChartist, Thanks for your valuable comments!