TV18BRDCST SwingTrade..!!

 Hi Guys,

I've been an active investor and a trader in various financial instruments. One of my favorite instrument is stocks. 

Of late, I started actively involving in swing trading. (For newbies, swing trading is nothing but the act where you hold a particular stock for some days to few weeks thereby reducing your loss when compared to intraday trading). Today, I'll discuss one such swing trading where I was able to achieve my target.

The stock I'm mentioning here is TV18BRDCST. I've attached my technical analysis of this stock in the below screenshot.

I had my support ranges S1 at 69.55 and S2 at 63.15, and my resistance R at 76. When my stock crossed the S1 69.55 I entered somewhere around 69. Then there were some ups and downs seen as a result of the dispute between Russia and Ukraine. Finally after a complete trading week there was a strong bullish candle seen and this is the day where the stock price crossed the major resistance zone R at 76 and created a new 52W high. We could also see that the supply demand range was also giving a clear picture for this rally. 

Generally for swing trading my Risk to Reward ratio will be 1:2 or 1:3 and for this trade I was able to achieve 1:3 ratio.

Yeah, finally this was a good trade and got to know a lot of things.

(Note: The above view is completely based on personal experience and not recommended for any copy trading. If you are entering a trade kindly do your research and some ground works before entering.)