NeeteshJain

SUNTV - Reaching out to Previous Resistance at 550 Levels

Long
BSE:SUNTV   SUN TV NETWORK LTD
As observed on weekly chart, the price action breaks out from a consolidated down-trend channel, indicating shiftinh of dominance power on prices from bears to bulls. Now Bulls shall reach out for previous resistance levels at 550-560 levels.

Target: 550
Stoploss: 480