Suntv - Swing - Long
Hii Everyone, I am long on Suntv for a swing trade for following reasons :-
1 From june onwards, its continously taking resistance from 200 DEMA and crossed finally to confirm its trend reversal.
2. Its range bound from few weeks (mentioned on charts by yellow rectangular boxes).
3. Near support of trend line, 200DEMA and weekly support (yellow rectangle)
4. Risk to reward is good. SL is below 200DEMA (435) and Target is near resistance zone(near 475 to 500). CMP 442
1 From june onwards, its continously taking resistance from 200 DEMA and crossed finally to confirm its trend reversal.
2. Its range bound from few weeks (mentioned on charts by yellow rectangular boxes).
3. Near support of trend line, 200DEMA and weekly support (yellow rectangle)
4. Risk to reward is good. SL is below 200DEMA (435) and Target is near resistance zone(near 475 to 500). CMP 442
Trade active
Hold with a SL of 430Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.