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.

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