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TV 18 Broadcast, Breakout candidate, Expecting a Big move.
已更新
Multiple Rejections at a same levels means weakening of Resistance.
Stock faced 5 Rejections at marked Neckline.
Stock consolidating since 4 months.
Longer the consolidation, Powerful is the breakout.
Combining both the observations, Move will be sharp.
Targets will be 48/58/66
Stop Loss below Consolidation lower band.
Not a Trade Advice/ Recommendation.
Do your own analysis/ Consult your Advisor.
Stock faced 5 Rejections at marked Neckline.
Stock consolidating since 4 months.
Longer the consolidation, Powerful is the breakout.
Combining both the observations, Move will be sharp.
Targets will be 48/58/66
Stop Loss below Consolidation lower band.
Not a Trade Advice/ Recommendation.
Do your own analysis/ Consult your Advisor.
註釋
It is 6 month consolidation instead of 4 months.
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