Wavozen

5442 Channel play - above 515 buy zone

Long
NSE:SUNTV   SUN TV NETWORK LTD
SL Compulsory
Duration 6 months. but this time price broken the channel. if price sustain above 515 at weekly closing, then it is powerful channel play.
Volume at these reversal usually not seen and volume bars are good criteria for breakout plays only.
Hence SL compulsory and qty be non-emotions with long term duration of 6 months to 1 year for 20% gain.
Trade closed: stop reached
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