WATCHOUT FOR THIS WEEKLY BREAKOUT IN TV-18

١٩ أغسطس ٢٠٢٣

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