SUN 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.
*We are not SEBI registered
This is only for educational purpose.
Please consult your advisor before making any trade or investment
Hi guys,
We can see beautiful channel pattern in suntv,
Stoploss : 515
Target : 580
I am not your financial advisor, this idea is only for educational purposes.
SUNTV:
There are two possibilities like below
1) Take a retracement at support 546 and break 580 resistance as given in chart (Bull side breakout)
2) Break the support at 546 and reach 510 (Bearish side)
Highlights:
Broke out of a major resistance
Volume expansion
Bullish market structure
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
About the Company:
Sun TV Network Ltd is the second-largest television network in India, with 20 channels and 43 FM radios in several Indian languages. Sun Tv is the world`s no.1 Tamil...
The analysis is given on the chart
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I am not a SEBI registered investment advisor and hence do not follow my analysis blindly.
Be aware of what you are trading and the risk associated with it.
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Suntv near multi-year breakout , have a good potential.
1st safe target after crossing 680 is 800 , stock will struggle little bit upto price range 680. After few up and downs we can see other targets
2nd 900 , 3rd 1000 near about and final new all time high.
