TV18 - Ready for Cup & Handle Breakout
Updated
TV18 is trying to get over from over a year of consolidation.
TV18 has gained good volume in recent time and recent days.
While sitting right at the cup & handle resistance it is preparing for breakout.
However because it has already broken the pattern once in intraday and could not sustain, despite of strong volume, care needs to be taken while making a trade. A good buy level will be above 53.50, a little above the breakout level of 51.75.
CMP - 50.40
Breakout level - 51.75
Buy above 53.60
SL - 48
Target - 70
TV18 has gained good volume in recent time and recent days.
While sitting right at the cup & handle resistance it is preparing for breakout.
However because it has already broken the pattern once in intraday and could not sustain, despite of strong volume, care needs to be taken while making a trade. A good buy level will be above 53.50, a little above the breakout level of 51.75.
CMP - 50.40
Breakout level - 51.75
Buy above 53.60
SL - 48
Target - 70
Trade active
Trade closed manually
Target met nearly and then SL met!Hope money was made.
Closing the trade late!
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