WATCHOUT FOR THIS WEEKLY BREAKOUT IN TV-18
The stock was in a bearish mode after it made a top in April 2022. It fell badly to previos support zone and retested, consolidated and now moving up with good volumes.
Now it is approaching it's strong resistance zone. I am expecting some profit booking first and some pullback and consolidation in this area.
Once we have a good day/weekly closing above 47.25 one can initiate a long position for targets 49, 52.5 and 56. Once these levels are reached we can expect more upmove here.
Keep on radar.
Learn & Earn,
Dr. Tanya Kumar
Now it is approaching it's strong resistance zone. I am expecting some profit booking first and some pullback and consolidation in this area.
Once we have a good day/weekly closing above 47.25 one can initiate a long position for targets 49, 52.5 and 56. Once these levels are reached we can expect more upmove here.
Keep on radar.
Learn & Earn,
Dr. Tanya Kumar
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TG channel t.me/priceactionchart
My TG ID @tanya151181
Course details:
tinyurl.com/PAC2COURSE
All Ideas posted by me are for Educational Purpose.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.