Monday, July 5, 2010

TV 18 sustains breakout.

TV 18

As said about TV 18 in the last post >http://dailytrades-sanket.blogspot.com/2010/04/tv-18-breakout.html the stock has achieved its target of 90 and has sustained a breakout. Now the next resistance comes at 96, a close above 96 will set up the stock for a target of 102-110.

Support for this stock is at 85 which is a fairly strong support and a good buying area for medium to long term investors, one could also buy the stock near 90 or on a close above 96. Stop loss in all the cases will be on close below 84.

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