SUN TV is showing trendline Breakout with good amount of Volume. fundamental is also looking good. Since 2018 it was showing a LH--LL formation but as per looking on chart the trend has change and after consolidation, it is making HH--HL on monthly chart. This is a good sign..
CMP : 605
TG : 900
SL : Below 9 weekly EMA
Stock's selection based on 5 Point...
Nifty Media Breakout on Daily Charts
Nifty media cmp 1927 breakout on daily charts catching the momentum Ready to hit soon 2200/2300++ Suntv / Zeel / PVR /Nazara Technologies/ Navneet Education many more media stocks
Suntv -Long Entry for short to medium term.
Upper Targets are marked on chart and SL on Closing Basis.
Good Risk Reward
20 EMA Breakout
About Company :-
Sun TV Network Limited, together with its subsidiaries, engages in producing and broadcasting satellite television and radio software programming in the regional languages of South India....
Sun TV looks good buy once sustains above 490 for the marked targets with the white lines until 470 is intact on the lower side.
To motivate us, Please like the idea If you agree with the analysis.
InvestPro India Team
1. Taking support at Upward Trend line.
2. Volume & Range expansion in buying in the last 3 months.
3.Already broke 535 resistance level on 7th Oct & now retracing.
4. Taking support at Fib 50 level now.
5. Anticipating an upmove.
This is the daily chart of SunTv
The price has already given breakout with lots of selling pressure
Then retested the breakout levels and forming higher high and higher lows.
Entry can be done around
480 - 500 levels
Sl below the the supports
SUNTV Can go long at 525 with stop loss of 480 for the target of 570 & 615 & 660.
Disclaimer - If anyone make any position at F&O based on this view should solely responsible for the outcome of that trade.
Stock Name - Sun Tv Network Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 516.
#This is not Buy and Sell recommendation to any one. This is for education...
📈 Sun Tv 📉
My Findings :-
1. Breakout from Resistance Zone and this zone is important because it was support earlier.
2. Higher High and Higher Low Formation.
3. Close Above Jan, Feb, March High.
Target- 550 and 608
RR- 1: 2
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and...