SUNTV EQUITY Levels...08/03/2021 (D Candle)
Coming out of a double Inverse Head and Shoulder pattern and at the same time it is riding a Parallel Channel.
On long term chart, can move to higher levels above 517.5
Will fly to 610 in few months. Good to buy in cash as its also a good dividend yield stock. Take off expected soon. Happy trading
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Short SunTV below 489 Short SunPharma below 589
4 Patterns Together : 1. Bullish Engulfing On Daily Chart 2. Bouncing From 50% Retracement Of Recent High 3. If We Combine Last 4 Day Candles It Will Make A Long Pin Bar From Low. 4. If You Will Look Closely It Has Also Formed Higher High, Higher Lows From December. Rock Solid Support Now At 507 Buy Above 530.5 (More Strength If Give Weekly Close Above...
Buy above 530.10. Target: 610 SL mentioned in chart.
what do you think ? comment
continuation update as we see there is inverted head and shoulder pattern based on which next possible positional target can be near 640 + disclaimer - trade @ own risk old post for reference
Looks like Sun TV has broken its toughest resistance (550) in the monthly chart and managed to close above it last Friday. If it holds the level on Monday, it looks strong for a buy.
#SUNTV Inverted H&S BO All details on chart. Can be entered in FNO or in cash as per risk appetite.
positional buy given from 500 level for target 550 on feb 2nd target met in 2 trading days 🕵️♀️risk:reward = 2:5 keeping it met in 2 trading days risk : reward has been even more 🏒 😍book here fully till we meet again on this script 😍 for reference buy post below
Buy Sun TV If want to do Investment. Investment because the future is good and it's for long term. Safe Trader can buy above 552.
positional buy towards level 500 keeping 480-85 as stop based on triangle and resistance neck line breakout disclaimer - personal view