SUNTV | Momentum occuring for 20%
CMP : 485 (Dip : 460)
SL : 442
Target : 580
Already we are holding this stock in holding - now averaging some more. Looks good for new positions too
1:3 risk reward setup
SUNTV | Election impact ahead - Can see 40%
CMP : 478 (Dip 430, 410)
SL : 400
Target : 660
Risky election and price action bet, However its a great valued company.
A short term view :
The stock is showing a turnaround in the higher timeframe setup. The reason is obviously the merger as the major momentum came after the budget.
For now the flag pattern is emerging and a breakout in the upper direction can give a good push and good returns.
A long term view :
No doubt Allahabad bank has the largest number of fixed assets...
