SUNTV
Sell
E: 612.6 - 620.25
S: 644.55
For Long side, can be traded from CMP 532 to 558 & 570. Any day closing above 571, will take it to 612 - 620 levels.
1) there are many rounds on chart cannot say it a HnS or Cup handle pattern but considerable
2) Resistance zone is very crucial for the stock for short term as well as long term
3) if you see the trend line indicating that the medium term trend of the stock is slightly bullish
In the weekly time frame, we see an Inverted head and shoulders pattern above which is a strong resistance zone. Breaking of this resistance will give us a very clear upward movement.
We have given you all the possible outcomes in case of a breakout.
Educational purpose only - kindly do your own research.
Good luck.
SUNTV: one of India's largest media Conglomerates has power packed 33 TV Channels with the reach of more than 95 million households in India, is PERFECTLY RESPECTING ASCENDING TRIANGLE PATTERN ON MONTHLY TF. 559 IS AN IMPORTANT LEVEL TO WATCH.
Long Sun TV above 508 TGT 550 SL 492. stock is at good buying area value. Well support taken & now bullish factor can be seen. RSI also forming positive divergences.
This is for your educational purpose only.
SUNTV Network
SUNTV is in strong Buy Zone.
MY view is, It will move up to the expected target levels of 559, 597, 650
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Technically Stock has habit creating Trending Fan pattern same can be seen in Monthly (Black Lines), Weekly (Red Lines) as well as Daily Charts (Green Lines).
This Time Stock gave Bullish Trending Fan Breakout around 470 levels, mostly due to Exit polls of TN election where DMK is expected to win.
On weekly Chart a Small Resistance is seen around 558, crossing...
Its is god time to Buy SUNTV.
The Tamil Nadu Election's Big Win, will help the stock to shoot up soon and it may reach the targets of 650, 776, 835,955 in coming days. Even, a quick profit between 5%-15% can be booked easily in couple of months.
*** You can also see my other stock analysis and the performance of achievement/judgment in my profile ideas. If you...
