MAYA_MUMBAI

“When the sun has set in SUN-TV, No candle can replace it.”

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NSE:SUNTV   SUN TV NETWORK LTD
This is a daily chart of Suntv where i have shown the support and resistance range in rectangles
Suntv is already in downtrend - so we are looking for set-ups for shorting the stock
Suntv has already resisted from the resistance zone
Now where do we short sell Suntv ??
For that we shall go into the hourly chart!
Comment:
i expect suntv to have a weak upmove (as shown in the hourly chart)
where we can short around the level of 565 with a stop loss of 575
Look for targets around 520

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