Bullish Head and Shoulder Pattern
Nifty Media has created the bullish head an shoulder pattern on daily chart .
And it has formed in the major down trend and also took a strong support on support line.
It is a clear indication of reversal of trend but should watch for coming days
Bullish Trend will be confirmed after it breaks the 1636-1646 levels i.e. 0.61 fibo level.
This is my own analysis and should take for study or information only.
Media
11/05/2021 Research Report For SUNTVBuy @ CMP (CURRENT MARKET PRICE) and Below 500 Heavily Accumulate
Target 1 :- 600
You Can Set A Tarling SL On 600
10/05/2021 Research Report For ZEELBuy @ below 190 or max 192
Sell Target 1 :- 200
Sell Target 2 :- 202
TWO-WAY Intraday StrategyEverything clearly mentioned in the chart itself-keep stop loss tight i.e low of the previous candle before breakout...NOTE-this analysis is only for entertainment purpose...hence, do your own research before trading.
feel free to comment if you have any suggestion
thank you.
(Positional) Buy SunTVTrade Setup: Stock has made a base around 410-430 levels and now showing signs of upward movement with volume on daily charts.
Buy Zone: 435-440
SL: 400 on closing basis
Target: Target1=465, Target2=508 Target 3=550
Imp:
1. Trading requires more than technical analysis . e.g. Risk Management, trade management, psychology etc.
2. Always follow stop loss.
3. Once a trade is in your direction (say) 2-3%, never let it go in a loss.
4. Simply follow rules. Nothing else..
Disclaimer: This is for demonstration and educational purpose only.
SUN TV This stock is on a downtrend from all-time highs reached in Jan 2018.
Sell if 1-day candle closes below 650.
Target 570. Major Support near 560.
SUNT TV - BUY1) Elliot wave complete
2) Stock at fibonacci level of 61%
3) RSI bounce
4) Other media stock like ZEE and TV18 also at support
ZEE1) Bearish divergence
2) Double bottom - buy at bounce back -- SL 490
3) Both SUN and ZEE has been posting strong ad revenue growth and good bottom line but stock has been under performing to squeeze out weak hands
4) Consumer companies have been performing well, which gives strong visibility of revenue growth for atleast 1 year
DISHTV longBuy DISHTV at CMP.
Target 1: 102.85
Target 2: 105.00
SL: 94.00
PS: Currently holding long position from 97.00
