SUNTV It is respecting Fibonacci retracement points and same as old trends over 1 year.
After long waiting…time to cheer
Stock is trading in falling wedge and we can see clear divergence on MACD, we may see U-Turn soon. Happy Trading! Rachit
It has given a breakdown which suggests it might test 435. The view would be negated if it manages a Daily Close above 456.50 or intra day moves above 463. Whichever comes 1st.
NSE:SUNTV SunTV in Down channel on bullish breakout may touch 475 490 on rejection price may fall to 390 400
i have been inspired by @kinnari_prajapati to publish this post please refer to her charts to find out more details on this post...
Price action always gives up to date information. The interpretation of price is an art and not an easy task. Adding a method to support one’s strategy, and an analysis which has more predictive value, could be very useful. A proper divergence is only present when the histograms indicating momentum have retraced back to the zero line. Two subsequent lows or...
This is a daily chart of Suntv where i have shown the support and resistance range in rectangles Suntv is already in downtrend - so we are looking for set-ups for shorting the stock Suntv has already resisted from the resistance zone Now where do we short sell Suntv ?? For that we shall go into the hourly chart!
Avoid buying in Suntv as per wave analysis