Long
TV18 Broadcast - Up-Trending Channel
It is been observed that the price action is trending up in a channel on a weekly chart. On Monday, the price action breaks out and close above the important resistance level of 49 on dally chart, indicating a bullish signal and buyers dominance in price action. Now the price action shall move up as it is trending on weekly chart.
Target: 53
Stoploss: 47.50
Risk Reward: 1:3
Target: 53
Stoploss: 47.50
Risk Reward: 1:3
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.