NSE:SUNTV   SUN TV NETWORK LTD
Long down ward trend line & Inverted H & S broken simultaneously.

Go long for Targets of 618 and 696, stop loss closing below 572.
Comment: Today high 591.9
Comment: Intraday high of 601.7 reached.
Comment: 8 Rs less than 618 for Tgt1.
Comment: Crossed 618 and touched 639.

Wait for next target.

Comments

congrats on reaching the target !
Reply
Hope your 618 will reach soon

all the best for your trades !
Reply
Sunandamedi MAYA_MUMBAI
@MAYA_MUMBAI, Thank you.

Missed the Reliance Capital today.
Reply
I am also long on Suntv?

Can you please explain the technical behind the call ?
Reply
Sunandamedi MAYA_MUMBAI
@MAYA_MUMBAI, Recent trading has multiple support at 592 and multiple resistances at 636.

So, Tgt 1 618 should not be a problem.

As far as Tgt 2, 696, Ichimoku signals have given cross over in daily chart. Now, the price is near 50% retracement level. From here if it starts moving up crosing 703 is a possibility.
Reply
MAYA_MUMBAI Sunandamedi
@Sunandamedi,

thanks Sunanda!
Reply
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