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TV 18 broadcast

Discussion in 'Technical Analysis' started by verenmitter2001, Nov 6, 2013.

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  1. verenmitter2001

    verenmitter2001 Member

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    Hi All
    Whats your view on TV 18
    Can we buy this stock with Sl of 22

    . Also I would like to know what is the best strategy of placing stop loss. It should be on closing basis or should be in the system ? Chances are if the sl is in system then intraday volatile movement may trigger.

    Regards
    Veren
     
    verenmitter2001, Nov 6, 2013
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  2. shwetagnema

    shwetagnema Active Member

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    I don't think it's a buy time for it as there is a lot of resistance at around 24.7-25 level. plus, it seems a pin bar in the last trading session.
     
    shwetagnema, Nov 6, 2013
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    sanjay_sansanwal and shabbir like this.
  3. shabbir

    shabbir Administrator Staff Member

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    Missed the breakout above 23 and so you should wait for some consolidation and then a breakout again
     
    shabbir, Nov 6, 2013
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  4. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Hey, Pretty impressive, good one, must appreciate now u started focusing more on charts.
    Keep going.
     
    sanjay_sansanwal, Nov 6, 2013
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