A bearish bat is forming in SunTV stock. The bullish trend has not been completed yet.
Resistance level is at 864. If the stock starts to retrace from the resistance level then wait for at least two red candles to form.
We have two targets
Target 1: Exit= 772 with SL = 864, Risk:Reward = 3.19
Target 2: Exit = 730 with SL= 826.5 , RIsk: Reward = 3
Enter either by shorting futures or shorting 860 PE
Resistance level is at 864. If the stock starts to retrace from the resistance level then wait for at least two red candles to form.
We have two targets
Target 1: Exit= 772 with SL = 864, Risk:Reward = 3.19
Target 2: Exit = 730 with SL= 826.5 , RIsk: Reward = 3
Enter either by shorting futures or shorting 860 PE
Comment:
SL is hit