TV18BRDCST(M): CMP LOOKS GOOD FOR SIGNIFICANT UPSIDE. 1) ROUNDING BOTTOM BREAKOUT 2) RSI INDICATING PRICE STRENGTH 3) COMPANY WITH STRONG FUNDAMENTALS 4) RISING DELIVERY PERCENTAGE COMPARED TO PREV DAY. CHART IS SELF-EXPLANATORY.
Trade Date of Identifying the Trade: 24 Feb 2017 Entry Date: Buy Stop Order is placed Trade Entry Market: BSE 0.11% Stock: TV18BRDCST (TV 18 Boadcast Ltd) Long/Short: Long Current Price: 39.90 Entry Price: 42.51 Time Frame: Monthly Order Type: Buy Stop Type of Trade: Long Term Reason For Trade: Stock is in an uptrend Price had hit 50 SMA and...
Trade Date of Identifying the Trade: 24 Feb 2017 Entry Date: Buy Stop Order is placed Trade Entry Market: BSE Stock: TV18BRDCST (TV 18 Boadcast Ltd) Long/Short: Long Current Price: 39.90 Entry Price: 42.51 Time Frame: Monthly Order Type: Buy Stop Type of Trade: Long Term Reason For Trade: Stock is in an uptrend Price had hit 50 SMA and moved...
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:...