internal_0rgan

SUNTV NETWORKS

Short
NSE:SUNTV   SUN TV NETWORK LTD
SunTv might breakout from its hourly trendline.
Below 381 can give good breakout to 375 levels. If 375 levels are broken it can further move down to 365-368.
Market looks bearish tomorrow and this could provide a good shorting oppurtunity.

NSE:SUNTV
Comment: Below 374 looks strong for a breakdown.

Comments

Going for shorts tomorrow
May be open tomorrow 2.5% lower
Pl check my analysis on sun tv
+1 Reply
@pk_1989, Great analysis.I'm not good with harmonic patterns as I am just starting out with trading.Will follow your charts to learn more on harmonic patterns.
And yes,I'm expecting a gap down opening as well but below 374 looks good for a short to me.Let's see...
Reply
ashwinchakravarthi internal_0rgan
@internal_0rgan, hi brother i had sell sun tv on 373.6... now it is 385...what will be its target and stop loss.. please give me information.
Reply
internal_0rgan ashwinchakravarthi
@ashwinchakravarthi, On 373.60 ? I didn't trade the stock as the day's low was formed in the first 15 minutes and there was no volume,vwap or any other confirmation to short the stock below the support zone. But if i had traded my stop loss would have been below 378. I I was aiming for target of 365
Reply
internal_0rgan ashwinchakravarthi
@ashwinchakravarthi, The trendline is acting as resistance. There can be a breakout if it breaches the trendline ,other wise it can test 375 levels again
Reply
ashwinchakravarthi internal_0rgan
@internal_0rgan, ok brother thank you for your information
Reply
ashwinchakravarthi internal_0rgan
@internal_0rgan, closed position @378....when goes up taken another lot @386 now closed @profit thank you
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out