TV 18 Broadcast, Breakout candidate, Expecting a Big move.

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.

Yorum:

It is 6 month consolidation instead of 4 months.