on a daly and weekly chart we can see a cup and handle pattern as well ascending triangle pattern also good volume buildup. DMK win is major factor to long in suntv.
@apexy, try to buy on retest if sustain above neckline you can put your sl around 500 on closing basis. avoid buying before breakout (its my personal view consult your financial advisor)
sumitdawara
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I guess, Profit booking started after DMK win. Hope it will recover soon and breaks above neckline
arkitpatel26
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@sumitdawara, yes but financial and fundamentals are still reasonable. momentum will start after break neckline on closing basis.