colshridharkulkarni

BREAKOUT TRADE IN SUNTV?

Long
NSE:SUNTV   SUN TV NETWORK LTD
Buy above 445 after retest and rebound. It has made higher low and then a higher high. Now it has given a breakout at 445 which was a major resistance.
RSI
RSi is above 50 and has crossed the RSI MA as well.

VOLUME
The volumes are high and support the breakout possibility.
Comment:
Keep SL @437.
RSI is intact.
Trade closed: stop reached:
SL hit and trade closed.
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.