aks85

Sun TV- Double Bottom Pattern- Buy Setup

Long
NSE:SUNTV   SUN TV NETWORK LTD
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4
As seen Sun TV has formed a Double Bottom Pattern in the hourly chart. It has recently given a breakout with good volumes.
Expected Levels 474.

Double Bottom Pattern is bullish reversal pattern, made of two consecutive bottom/troughs. It indicates that the stock has reached a support level and is facing difficulty moving lower, thereby positioned for an upward move.
Trade closed: target reached: 473

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