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R_A_G_A_S_J
Jul 28, 2019 2:40 PM

SUNTV Long

SUN TV NETWORK LTDNSE

Description

On the daily chart stock price has formed "DOUBLE BOTTOM" pattern and has given breakout on closing basis
* This breakout is accompanied with increase in volume which supports bullish sentiments ahead
* The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in positive territory which supports upside momentum to continue in near term.
* Stock price has given positive crossover from its 20 day SMA which indicates positive bias.
* The above analysis indicate an upside of 510 - 520.50 invalid close below 471. #Findyourtrade

Trade closed: stop reached

Comments
joel-vg
sl hit on closing basis
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