Network 18 finally is on the Run, the stock has broke out of its falling channel on 2nd Dec 2009, but i missed it, however, the stock ran from 80 rs. to 100 then and came down and today has completed a Cup and Handle formation. I reckon the stock should run up and can reach 153 in no time, however SL shall be 85. Plus IPO of TV18 is comin so there will be rub-off on that stock as well..
Monthly Pivot is at 90.67 can be a good support for stock.
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