SUN TV - Swing Trade Analysis - 11th April #stocks Long

SUN TV NETWORK LTDNSE

Description

⋅ Apr 11, 2024 12:52 PM

SUN TV (1W TF) - Swing Trade Analysis given on 11th April, 2024

Pattern: AT WEEKLY RESISTANCE
- Volume Buildup at Weekly Resistance - Done ✓
- Strong Support at Weekly Demand Zone - Done ✓
- Weekly Resistance Breakout - In Progress
- Demand Zone Retest & Consolidation - In Progress

* Disclaimer

#suntv #niftymedia

Comments

samratk028

⋅ Apr 26, 2024 7:21 AM

can we take an entry now?

TradeRyteStockz

⋅ Apr 26, 2024 7:37 AM

@samratk028,

Are you looking at it for long term or short term??

The breakout has already happened today from the levels. If it retraces to the 635 to 630 levels; that would make for a better RR.

If you are in FOMO, then a partial entry and averaging into when it retraces will give you a decent RR as well.

Hope this helps.

samratk028

⋅ Apr 26, 2024 7:40 AM

Thanks for the immediate response. May be two months timeline. If I take a position now, what could be the next target?

TradeRyteStockz

⋅ Apr 26, 2024 7:43 AM

@samratk028,

You're welcome Samrat.

The target levels are the green lines marked out.

And please ensure to kep trailing your SL, cause SUN TV has its own spikes as and when it feels. So protect your profits as it rises.

samratk028

⋅ Apr 26, 2024 8:05 AM

@TradeRyteStockz , Sure..note. thank you