SUNTV after testing 560 resistance(10 year old strong resistance) has again come to the breakout levels.
The breakout strategy an be a simple bullish movement upwards. OR A cup and handle formation.
Equity buyers can buy at 565 and again at dips til 530.
Option traders can risk an ITM call as the stock results are going to be out soon and SUNTV looks a promising stock.
The LTP of SUNTV 550 CE is 23.1 for JUNE 2021 contract with an OI of 354. I am bullish on this and hoping to se 600/620/640 in coming months.
You can always do back testings on Day/Week/5min charts as per your experience and track the stock results to have a stronger view before taking any trade.
This is just my personal study and analysis. Do not trade on the basis of just my study. Do your own research as well.