SUNTV, DOUBLE TOP ,Short AT 424, Target 419, TARGET2 : 406Suntv making double top pattern it has potential to breakdown to 406 if Rsi Cross 40 level.
SUNTV
@suntv in Down channel @in_tradingviewNSE:SUNTV
SunTV in Down channel
on bullish breakout may touch 475 490
on rejection price may fall to 390 400
SUN TV IS LONG FOR A MINIMUM OF 475please check my wave counts and correct me if i am wrong
Do appreciate by clicking like , if you agree with my Idea
SUNTV SUPPORT AND RESISTANCESunTV is trading at a very important level of 440 and any breakout downside could easily lead to levels of 400 and further to 384, Upper Band Resistance is placed at 460 above which bulls will gain some strength and can take it to higher levels, but current market trend shows the trend as down. Trade safely and consult your financial advisor before trading.
SUNTV IS TRADING AT VERY MAJOR SUPPORT AT 511,BREAKING THE LEVEL OF 511 CAN DRAG UPTO 10% MORE DOWNSIDE..
BUY SUN TV @ 450 BASED ON ELLIOTT WAVE AND WEEKLY CHARTplease do like - if you consider this post worthwhile and to encourage the authors
SUNTV updateAny rise is sell for suntv towards 544/21 till it holds below 596.
Regards,
Sharma Yogesh
2 KEY QUESTIONS TO BE ASKED IN EVERY TRADEWhenever you see a higher time frame chart you should ask 2 questions --
1) What trend is the market in ??
2)where are major levels of structure that you should be paying attention to - in that direction ?
SO in the chart i have shown above, the answers are following
1) Trend is bearish
2) Major levels of support and resistance are drawn in Horizontal blue lines
How did i draw blue Horizontal blue lines ??
Those blue horizontal lines are levels of support / reistance which has been tested atleast 3 times
So i shall now proceed to tell you the story of SUNTV
So Now what is Next in SUNTV ???
) Trend is Down
2) Horizontal blue lines are areas of Support and resistance
So unless you do not get a daily close above 650 (which is an area of resistance) - do not attempt to go long.
If you are short - keep stop loss at 650 ON DAILY CLOSING BASIS
Your target should be level of previous support - which is 450 (100 points)
Presently Escorts is trading @ 550 - SL for shorts is @ 650 (On daily closing basis)
I REPEAT - STOP LOSS IS 650 ON DAILY CLOSING BASIS
suntv updateLooks weak for taeget 521/513, till it holds below 572, rise can be used.
Regards,
Sharma Yogesh
Can the Buyers save SUNTV and put it back into channel ??i have been inspired by @kinnari_prajapati to publish this post
please refer to her charts to find out more details on this post...
DAILY || SUNTV || BUYOne might want to buy Suntv on a dip for today with SL of 589.9 and target of 608.9.
