INTRADAY TRADE - ANALYSIS OF SUN TV NETWORK
Stock has run up fast in a narrow channel. Facing resistance at 543 levels.
In Case price sustains above 543 levels after 9.45 AM.
Then a trade can be taken with around 538 (Todays Closing) as stop loss.
Other way round if price does not sustain above 543 levels
then the same stock can be shorted as well. Do check the
nifty whether going up or down as well.
This is no buy or sell recommendation , just analysis.
Please note the probability is higher that it will go up , so u can only trade on the upside.
Experienced traders can do the down side trade as well.
Stock has run up fast in a narrow channel. Facing resistance at 543 levels.
In Case price sustains above 543 levels after 9.45 AM.
Then a trade can be taken with around 538 (Todays Closing) as stop loss.
Other way round if price does not sustain above 543 levels
then the same stock can be shorted as well. Do check the
nifty whether going up or down as well.
This is no buy or sell recommendation , just analysis.
Please note the probability is higher that it will go up , so u can only trade on the upside.
Experienced traders can do the down side trade as well.