CINEVISTA: LONG AWATED BREAKOUTNSE:CINEVISTA
Cinevista Ltd. engages in the production of feature films and advertising commercials. It also offers services to the advertising film and television industries.
Technical insights 💡
🔜A 7-year range is about to break, and volume also picking up in the upswings. 📶
A classic Cup and handle formation.⚡️
ENTRY : @24.50
TGT- MENTIONED ON CHART.
STOP:- Below Swing low 10 On closing Basis.
📈 RSI and Stoch are rising and not in overbought means room for breakout.
⭐️Targets are based on measured move and previous resistance Zones.
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Happy Trading.
CINEVISTA
Multi year consolidationCinevista is entertainment company, in around 2000 the price of stock was 400 and from there 2001 it started fell and after years of consolidation we noticed unprecedented movement in the stocks, if the stock price manage to close the weekly candle above the resistance level then we may buy for investment...