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
Today I am expecting a short term trade in sun tv. The following factors tends me to take out this trade.
1. Trendline breakout
2. Positive OI builtup
3. Increasing Volumes.
I am expecting a profit of 20 points from this trade and I would like to keep a SL at below trend line closing.
Please consider this idea for educational purpose.
📈 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...
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
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
Strong Weekly Closing..Price getting squeezed in a range, Make or Break zone..!
Above 560 it can blast..
Recommended SL : below the low of Weekly candle
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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You can also see my other stock analysis and the performance of...
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...
