SUNTV
SunTV - Ichimoku Bullish Breakout 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 purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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Sun TV Chart Analysis !!📈 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.
Bias- Long
Target- 550 and 608
SL- 495
RR- 1: 2
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Multi-Year breakout or failure?With 480 as immediate support SUNTV might start its move higher with multi-year resistance @ 555. There was a breakout in July which ended up with retest failure and again back to 480. Hope this time it shoots up with target of 761 and breaching it with 910 as next target. If the breakout fails there is a possibility of testing 480 and also 429 levels.
Sun TV - 15 Min timeframe Analysis and Swing IdeaSUN TV swing analysis
In above chart we have used1 5 min time frame.
Traders can go for swing trade for this one .
See the movement and Go long or Short after proper breakout and break down
Please put proper stop loss.
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This is only for educational purpose.
Please consult your advisor before making any trade or investment