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.
@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...
@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