Sun TV looks good buy once sustains above 490 for the marked targets with the white lines until 470 is intact on the lower side.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
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...
📈 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...
NSE:SUNTV
#SUNTV Broken 2 yrs long resistance and trading high above the new support.
Good above 612.
Post momentum confirmation may try 610 CE with new support level as SL.
Happy Trading !!
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
ALWAYS PUT YOUR STOPLOSS 1ST
After long consolidation stock is Break the structure and move higher. if stock is sutten 550-560 levels we can accumulate stock
and major trend is also change stock in weekly tf MA crossover happen
THIS ANALYSIS FOR ONLY EDUCATIONAL PURPOSE
-THANK YOU FOR YOUR TIME
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
Comment if you have any query and if you like my analysis, don't forget to press the like button.
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.
Stock market is risky and you can lose a lot of your capital.
Be wise and...
1. inverted head sholder pattern formed
2. rising wedge pattern form price movement
3. minor trend for ascending triangle pattern formed wait for breakout confirmation after buy entry and neckline targert 839
SUNTV has been hitting a major resistance level since last few weeks in an ascending triangle pattern leading to a possible BO.
Wait for the BO & retest at the resistance levels (turns support) to buy.
All analysis provided in chart.
This is my first published analysis after months of private trade and practice.
Disclaimer: I am a SUNTV shareholder. I am not...
