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.
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