Einstein15

TV18_BRDCAST Lifetime breakout

NSE:TV18BRDCST   TV18 BROADCAST LTD
TV18 recently broke its lifetime high that was made a month ago.Its retesting the neckline afetr a small breakout. Awaiting a reversal of breakdown in the channel.
@praveen.bhatia What do you think about this one?
Reply
@riyankok, @Einstein15, My View on it : The stock is at crucial level. It has nicely formed rounding bottom pattern nicely as highlighted by Einstein and gave breakout and retesting the neckline so there is good possibility of bouncing back and continue the upward journey. It has formed another reversal pattern Three Drives on the Top, it it comes into force we could see a reversal. Market is supreme let's see what it wants to do in this particular stock.
Reply
If you look at the monthly chart it is near a supply zone at around 69 and there are chances it might break but according to current market conditions, I'm not sure if that will happen.
Reply
a 30 % upside could be seen!
+2 Reply
Einstein15 pratik2358
@pratik2358, Yes, looks like it.As long as it holds the 64 level which is marks the neckline from 2012
Reply
riyankok Einstein15
@Einstein15, Don't you think one can short with SL of 69 instead!?
Reply
Einstein15 riyankok
@riyankok, Yes. Thats why it says Breakdown/reversal zone, coz it depends on how it will react to the yellow zone first and if it breaks, the reaction to the 64 zone, which is the previous to previous high of 2011/12. I;ll say small targets along the direction of Nifty, since NIfty is yet to take a definite longterm direction.
Reply
84 -87 targets quiet easy to get in upcoming 2 months
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out