1. inverted head sholder pattern formed
2. rising wedge pattern form price movement
3. minor trend for ascending triangle pattern formed wait for breakout confirmation after buy entry and neckline targert 839
The analysis is given on the chart
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Possible confirmation of bullish break if the candle closes above 555.
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
Suntv is about to give Inverted Head and shoulder breakout on the weekly chart
Rs 575 is the key resistance zone to watchout for. Once crossed above this level on weekly closing basis this stock will move high very quickly.
Do your own analysis before investing.
SUNTV has been hitting a major resistance level since last few weeks in an ascending triangle pattern leading to a possible BO.
Wait for the BO & retest at the resistance levels (turns support) to buy.
All analysis provided in chart.
This is my first published analysis after months of private trade and practice.
Disclaimer: I am a SUNTV shareholder. I am not...
Please taken entry once share have broken its Multi year resistance at 566 or below depend on your Risk appetite.
1. Multi year Resistance at 566
2. Golden crossover of 50 -200 EMA in coming weeks.
3. Stocks is currently at nearly at half way away from its Life time high.
Based on Cup & Handle pattern:
Sun TV has tested its major resistance and shown some retracement. The stock is good for buying.
Buying Point: 550-560
Anticipating a good move in the upward direction.
SUNTV after testing 560 resistance(10 year old strong resistance) has again come to the breakout levels.
The breakout strategy an be a simple bullish movement upwards.
A cup and handle formation.
Equity buyers can buy at 565 and again at dips til 530.
Option traders can risk an ITM call as the stock results are going to be out soon and SUNTV looks a...