TV 18 short term viewMACD zero line cross over, CMP above the bandbollinger avg line, RSI positive helps to move up further.
Target:
43.19
stoploss: 39.15.
Vijay,
INDITRADE, Kovilpatti.
Tv18
TV18 : Short Commercial Break !" Shorting " Commercial Break from Bull Run , so if you have the risk appetite Go for it . Else just watch how trades pan out. Always take trade based on your plan :)
Happy Trading !
TV18 approaching channel support 43TV18 has been trading in uptrend channel and it closed touching channel resistance and may approaching channel support around 43 in near term.
TV18 gearing up for ReversalTV18 Price movement is bullish with periodic correction
giving opportunity for fresh entry. as we see the price
is moving in channel pattern with confirmed support &
Resistance
TV18 Broadcast - Up-Trending Channel It is been observed that the price action is trending up in a channel on a weekly chart. On Monday, the price action breaks out and close above the important resistance level of 49 on dally chart, indicating a bullish signal and buyers dominance in price action. Now the price action shall move up as it is trending on weekly chart.
Target: 53
Stoploss: 47.50
Risk Reward: 1:3
