SUNTV
SUN TVTHIS STOCK IS FOR TOMMORROW(02-12-2020) FORMING NARROW CPR,MAY GIVE 1% FOR INTRADAY.
Note:
• Avoid the stock if a big gap down is seen
• Enter after breakout happens and not before it
• Do not chase the market, i.e. do not get involved late entries
• Only enter with stritct stop-loss and target
• This is not a recommendation and is for education purpose only
• Always follow risk-reward and quantity management for the 100% of the times
• The above mentioned idea may not work so beware of the risk you are taking
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SUN TV (Positional Trade) | RR 1:4+ | Type:- Retest
Reasons To Trade 🤔 :- 1st Retest After Breakout, At Support Zone, At 200DMA, Clear Setup.
Entry Zone :- 415 - 420
Stop Loss :- 395
Targets :- 500 & 511
(Risk Must Be Managed.)
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--Any Suggestions--
SUNTV is Making Symmetrical Triangle Pattern (Breakout Trade)Sun TV Network : Mass Media Company ( NSE:SUNTV ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for iNTRADAY Traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that BROKE this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.70% of your TARGET , you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already FiXED in the chart pattern.
You always have to trade only by M oney Management, P osition Sizing, S topLoss Trailing. This is the way to stay in PROFiT .
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Chart Published By Ravinder Sharma
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