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TV18 Broadcast Double Top Formation
Folks, in regards to TV18 Broadcast, i see Double top candle pattern is being formed.
By checking Monthly chart it is about to become over bought and thus i believe bearish momentum is to be followed now in Weekly time frame
I have set my analysis with 3 horizontal lines, if my prediction comes true the breakout is at 57 and approx. bullish reversal is in the range of (48 to 53).
Kindly be cautious in investing now.
However, this prediction proposes 50% stock correction which i dont think possible. Lets hope for precise data after double top completes
By checking Monthly chart it is about to become over bought and thus i believe bearish momentum is to be followed now in Weekly time frame
I have set my analysis with 3 horizontal lines, if my prediction comes true the breakout is at 57 and approx. bullish reversal is in the range of (48 to 53).
Kindly be cautious in investing now.
However, this prediction proposes 50% stock correction which i dont think possible. Lets hope for precise data after double top completes
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