⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
💡FNO Stocks Trading📉📈📊
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- Sun TV is currently trading at 825
- I am interested in this setup where I see a huge imbalance on the left and we have high probable chances of this moving up rapidly
- We have also purged the sell-side liquidity which trapped a lot of shorts
- Now we are all set to expand higher
- Watch out Sun Tv if you are looking for swings
Sun TV Network cmp 800.75 by Weekly Chart view
- Support Zone 730 to 765 Price Band
- Resistance Zone at 920 to 950 Price Band
- Weekly basis Support at 730 > 626 > 531 with the Resistance at 891 > 986 > ATH 1097.80
- Support and Resistance Zone Price Levels to act as respective necklines for Short and Long Timeframe Rounding Bottom patterns
- 6+ odd years long...
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...
Sector leader
Sun TV Network was established in 1985 as Sumangali Publications Private Limited and was later renamed as Sun TV Network Limited. Sun TV, the flagship channel of the company, was started in 1993. STNL is primarily involved in television broadcasting.
Media Index is beginning to look good.
Post result stock corrected approx 10%
Standing now at 200 EMA
Expecting to take support at current levels i.e. 830-840 areas
Strict sl below 818
If sustains can turn 4 figures in coming days
If not will try to reach 770-780
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...
(1) The price is generally trending upwards.
(2) Following the breakout of the Rounding Bottom pattern, the price is now consolidating above the breakout point.
(3) There has been a significant increase in volume, suggesting strong buyer interest.
Suntv had a strong supply zone of 570-600 which was broken and retested successfully.
Stock has made higher high, higher low and broke its previous high.
An uptrend is confirmed and we can have bullish move continuing in this stock.
A relatively safe stock from risky media sector for investment as well.
SUN TV (1W TF) - Swing Trade Analysis given on 11th April, 2024
Pattern: AT WEEKLY RESISTANCE
- Volume Buildup at Weekly Resistance - Done ✓
- Strong Support at Weekly Demand Zone - Done ✓
- Weekly Resistance Breakout - In Progress
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer
#suntv #niftymedia
General elections in India are going on and they are expected to be the WORLD's COSTLIEST elections. DMK, a closely related political party to NSE:SUNTV is among the top spenders on Google Ads despite being limited to one state. Expecting a huge ad spend by parties on Sun TV channels across South India. Stock is ready for inverted H&S breakout. Results will be...
Media is no fancy sector to trade/invest in but offers good risk reward once in a few years. Can this possibly be that time? On weekly chart (6 months to a year), SUNTV seems to be in Wave 3 that is heading towards 950 or 1.618 Fibonacci level as seen in the chart. Incase one enters at current levels (655), it will be fair to book some profits around 820-30...
This is the analysis of SUNTV in Daily Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This...
Sun TV Network (SUNTV) is showing promising signs of a potential breakout on the horizon. The stock has been consolidating within a channel pattern, and a breakout above the key resistance level at 627 could pave the way for further upside potential.
Technical Analysis:
Channel Consolidation: SUNTV has been trading within a defined channel pattern, indicating a...
Nifty Media gave a breakout 2 weeks back and now it is heading for a retest. Any impulse move will lead the sector to another breakout. Keep an eye on this sector and pick their leader stock.
Suntv has been playing below 683 levels for a long time, nearly 5 years.
Now it can either breakout as per case 1 or it can take resistance from 683 and play out like case 2.
Either way it's good to keep this stock on radar and watch out how it plays out.
Plan your trade.
