sandeagg

(Positional) Buy SunTV

Long
NSE:SUNTV   SUN TV NETWORK LTD
Trade Setup: Stock has made a base around 410-430 levels and now showing signs of upward movement with volume on daily charts .

Buy Zone: 435-440

SL: 400 on closing basis

Target: Target1=465, Target2=508 Target 3=550

Imp:

1. Trading requires more than technical analysis . e.g. Risk Management, trade management, psychology etc.
2. Always follow stop loss.
3. Once a trade is in your direction (say) 2-3%, never let it go in a loss.
4. Simply follow rules. Nothing else..

Disclaimer: This is for demonstration and educational purpose only.

Trade active: First Target Achieved...
Trade active: SL moved to 461
Trade active: Second Target achieved..

Trailing SL=461 (All stops are on closing basis)
Trade active: Trailing SL=474 (All stops are on closing basis)

Comments

if possible use Pivot point 50 High low , usually they tend to indicate support & Resistance on daily time frame , Good luck
+1 Reply
sandeagg ShreeKrishna
@ShreeKrishna, ok, fine
Reply
indeed need a solid push above 450 in coming days we might see 550 by END of DEC series there is some good news leak about Sun TV recently
Reply
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