SUNTV
SUNTV targeting 920 930 in the short termSUNTV was trying to break its crucial resistance of 860 for quite a few weeks. It has found not 2 or 3 but 4 resistance at this point till now and still managed to trace back to it. Today on the hourly charts it saw a sharp move beyond which showed buying interest and price can soon move towards 920 and 930 levels. Failure to move in 2 3 days will signal another failed resistance breach and price can drag down.
NSE:SUNTV
Japanese hat on Suntv Symmetric Triangle ( looks like Japanese hat ) pattern formation on Sun TV and it may break either side.
Trade Long:
Buy above - 827
Target 1 - 839
Target 2 - 854
Stop Loss - 815
Trade Short:
Short below - 815
Target 1 - 798
Target 2 - 782
Stop Loss - 827
Personal View - May break in downside. wait and enter into trade.
SUNTV - Nearing MULTI-YEAR HIGHSThe stock has been in an upward channel .
And now it's re-attempting to push higher than earlier high of 774 and move towards levels which it achieved before 2008, that is above 800.
Buying interest has been good.
But be careful, the stock has already moved a lot on the upside, and might not immediately cross the earlier level; but when it does, a big breakout is more probable.
Keep it in your watchlist for upcoming days and trade according to strategy.
Symmetric Triangle on SUN TV - NEUTRALSymmetric Triangle on SUN TV and it may break either side but indicators like RSI, MACD & Stochastic are showing bullish sign. Let see, where its going to break ?
Levels for Long:
Level 1 - 505
Level 2 - 516
Level 3 - 526
Level 4 - 536
Levels for Short:
Level 1 - 473
Level 2 - 465
Level 3 - 456
Level 4 - 446
"Happy Trading"
SUNTV - Reaching out to Previous Resistance at 550 Levels As observed on weekly chart, the price action breaks out from a consolidated down-trend channel, indicating shiftinh of dominance power on prices from bears to bulls. Now Bulls shall reach out for previous resistance levels at 550-560 levels.
Target: 550
Stoploss: 480
SUNTV Connecting, Breaks Out ConsolidationThe price action breaking out from a consolidation between trend lines or horizontal channel. I believe if the buyers manage to close prices above 500 levels then we might see a long upside move.
Kindly confirm the breakout at the end of trading session to initiate trades for tomorrow.
Hope you trade with care, Thanks for your support.
Regards