Munchkunster

SUNTV Possible BO Long Term Trade Idea

Long
Munchkunster Updated   
NSE:SUNTV   SUN TV NETWORK LTD
SUNTV has been hitting a major resistance level since last few weeks in an ascending triangle pattern leading to a possible BO.

Wait for the BO & retest at the resistance levels (turns support) to buy.

All analysis provided in chart.

This is my first published analysis after months of private trade and practice.

Disclaimer: I am a SUNTV shareholder. I am not a financial advisor, so please do your own research before investing.
Comment:
Noticed later that I marked only 949 level as tgt1

UPDATE:
tgt1 should be at 648-650 level
tgt2 should be at 843 level
tgt3 should be at 950 level

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.