varadtambolkar

TV 18 Broadcast, Breakout candidate, Expecting a Big move.

Long
NSE:TV18BRDCST   TV18 BROADCAST LTD
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.
Comment: It is 6 month consolidation instead of 4 months.

Comments

Nice analysis...
+1 Reply
varadtambolkar Parveen_Sharma
@Parveen_Sharma, Thank you sir 😀
+2 Reply
we have to wait till it crosses 39 with good volumes
Reply
@prgoswami, High chances of breakout, can attempt a breakout trade.

Can buy tracking quantity & rest above 39. As per comfort.

Sl comes to 27 around 20 % So manage accordingly.
Reply
prgoswami prgoswami
@varadtambolkar okk.. thanks
Reply
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