Long
TV 18 Broadcast, Breakout candidate, Expecting a Big move.
Multiple Rejections at a same levels means weakening of Resistance.
Stock faced 5 Rejections at marked Neckline.
Stock consolidating since 4 months.
Longer the consolidation, Powerful is the breakout.
Combining both the observations, Move will be sharp.
Targets will be 48/58/66
Stop Loss below Consolidation lower band.
Not a Trade Advice/ Recommendation.
Do your own analysis/ Consult your Advisor.
Stock faced 5 Rejections at marked Neckline.
Stock consolidating since 4 months.
Longer the consolidation, Powerful is the breakout.
Combining both the observations, Move will be sharp.
Targets will be 48/58/66
Stop Loss below Consolidation lower band.
Not a Trade Advice/ Recommendation.
Do your own analysis/ Consult your Advisor.
Note
It is 6 month consolidation instead of 4 months.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.