Sun TV Network headed to 1300+(?)Sun TV on weekly chart seems to be in ‘Wave III’ that could extend to ATH (all time high) of 1100 also completing the Cup (of C&H) as seen in the chart.
‘Wave IV’ could correct to around 800-850 levels and then ‘Wave V’ to head towards 1300 (over 60% rise from current level of 800) also completing the Handle (of C&H). This is all part of a larger Wave 3 that began in Mar 2020.
This is not a trade recommendation. Please do your own due diligence. Please also note the above price levels have been attained through various assumptions and need timely interventions when in trade.
Mediastocks
TV18 BROADCAST ANALYSIS AS ON 19.12.2021TV18 BROADCAST as per daily chart analysis Below 45 for a target 42. Support at 42 and 40. Do note nifty50 tomorrow will fall initial hours and it should take support either at 16891 or 16791 for it bounce back.
TV18 BROADCAST RANGE BREAKOUTTV18 BROADCAST RANGE BREAKOUT
Buy Tv18 Broadcast, CP - 42.4
Strict SL - 32.8 (WCB)
Target - 70
Sun TV NetworkAfter reversing from a Bullish Harmonic Shark it has now given a breakout in weekly time frame as per Ichimoku which suggest further upside till 550 as long as it gives a weekly close above 485.
Coincidentally, the min expected retracement of 38% of the Bullish Shark is also in the same range along with a Bullish Harmonic Dragon which is running in daily time frame with the same level as a target.