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.
TV18BRDCST trade ideas
Bullish Bat Formation - TV18 [Complete]The formation is complete with closer ratios. TG1 & TG2 met without any drawdowns
Long at Demand Zone with Good RR ratioCurrent price level is clearly a good demand zone where buyers emerge. We can go long here with small Stop Loss just below the low made recently on closing basis and expect a good profit in short term. RSI 40 for this stock worked as extreme oversold zone and again bouncing from this level thus confirming the idea of going long.
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.
Short TV18BRDCST Wolfe Wave !The stock has formed a nicely Wolfe wave at the Junction which seems to work as resistance. My experience with this patter is that it works better if it breaks the boundaries come back but we can still take the chance here by providing small stop loss of high of recent swing. Mostly it offers good risk to reward trade. Good Luck!
TV18BRDCST - Long- Monthly Time FrameTrade
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 moved up
RSI is at 50. However RSI should break 50 level
Fundamentally strong
Promoter & Promoter Group holding is of 60.40% -Good Signs
Rakesh Jhunjhunwala and Jhunjhunwala Rekha Rakesh has holding of 1.75% and 1.45 % respectively
Public holding is: 39.60
Shareholding Pattern Public Shareholder:http://www.bseindia.com/corporates/shpPublicShareholder.aspx?scripcd=532800&qtrid=92.00&QtrName=December%202016
Bearish volume has decline and bullish volume is increased in the month of Feb 2017
Stop:
37.18
Target:
Target 1: 45.88
Target 2: 48.73
Pluses:
- Company is virtually debt free.
CMP/BV:1.87 (Greater than one)
DEC -2.36% 2016 quarterly results were better than previous two quarters
Net profit is good
There will be sharp rise in price when the RSI is breaking the trend line drawn on RSI
Minuses:
Cash Flow is negative
- Though the company is reporting repeated profits, it is not paying out dividend
- Though the company is reporting regular profits, it is not paying out tax
- Company has a low return on equity of 2.18% for last 3 years.
- Contingent liabilities of Rs 0.25% .3395.26 Cr
Risk Reward ratio is not great
Technically not a perfect setup but a decent setup
Stop loss is tight - Stop loss can be adjusted as per your requirement.
Brief Summary of emotions: nervous, confident, not confident, sleepy, stressed, tired...etc (Mention the reason for your emotions)
I am confident however I would be cautious if enter this trade and keep an eye on this trade
Stock added or sold during the current trade:
After target 2 is reached the trade can be reanalyzed.
Please do let me know if you want to analyze any stock.
TV18BRDCST - Long Setup - Monthly Time FrameTrade
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 up
RSI is at 50. However RSI should break 50 level
Fundamentally strong
Promoter & Promoter Group holding is of 60.40% -Good Signs
Rakesh Jhunjhunwala and Jhunjhunwala Rekha Rakesh has holding of 1.75% and 1.45 % respectively
Public holding is: 39.60
Shareholding Pattern Public Shareholder:http://www.bseindia.com/corporates/shpPublicShareholder.aspx?scripcd=532800&qtrid=92.00&QtrName=December%202016
Bearish volume has decline and bullish volume is increased in the month of Feb 2017
Stop:
37.18
Target:
Target 1: 45.88
Target 2: 48.73
Pluses:
- Company is virtually debt free.
CMP/BV:1.87 (Greater than one)
DEC 2016 quaterly results were better than previous two quaters
Net profit is good
There will be sharp rise in price when the RSI is breaking the trend line drawn on RSI
Minuses:
Cash Flow is negative
- Though the company is reporting repeated profits, it is not paying out dividend
- Though the company is reporting regular profits, it is not paying out tax
- Company has a low return on equity of 2.18% for last 3 years.
- Contingent liabilities of Rs.3395.26 Cr
Risk Reward ratio is not great
Technically not a perfect setup but a decent setup
Stop loss is tight - Stop loss can be adjusted as per your requirement.
Brief Summary of emotions: nervous, confident, not confident, sleepy, stressed, tired...etc (Mention the reason for your emotions)
I am confident however I would be cautious if enter this trade and keep an eye on this trade
Stock added or sold during the current trade:
After target 2 is reached the trade can be reanalyzed.
Please do let me know if you want to analyze any stock.
TV18 Broadcast
The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts is for personal, non-commercial, educational use and display.
Ascending Triangle/Flag Breakout Good trading opportunity in the stock exists. Ascending Triangle broken combining the Flag pattern and it seems that if has already shaken the weak traders today so upward journey may be smooth now. Buy now or or dips depending upon the risk taking capacity where stop loss of 39.20 suits to you. Target 43.50
TV18BRDCSTAnother stock that seems to be showing some buying interest.
On watch list for now. Will review next week for long trades.
Trading Opportunity: TV18BRDCST- Stock is trading within a regulating upward rising trend channel
- Recent bullish price action from channel lows suggests a move to channel high likely
- Prefer to take 50% position at cmp & balance on dips to 39.75
- Expect stock to test 55 over couple of months
- Maintain SL at 36.50
TV18 - Go LongBased on fib clusters, TV18 should start going up from around 35.5 to reach the following targets:
T1: 40
T2: 41
T3: 42.5
SL: 33
TV18Broadcast Time to DecideTV18Broadcast is at the lower trendline support rite now.. Its time when it will either bounce back and go higher or break down and go lower from here..
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 BROADCASTStock will Down till 40 then stock take support at trend line and will fly non stop... but if break 39 then stock will down so much... now need to see 40 figure for tv18 run down or up..
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
TV18 Broadcast TV18 is trading in upwards channel on weekly charts. One can Buy stock around 40-42 levels with Stop loss of 35 for Target of 50-52.
