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 forming a channel in 2 hour time frame.
Either side opportunity there.
Trade according to the direction of the breakout.
Up-Side: Long: Target: 509-510.
Down-Side: Short: Target: 445-450.
Possibility of great reward trade.
SunTv might breakout from its hourly trendline.
Below 381 can give good breakout to 375 levels. If 375 levels are broken it can further move down to 365-368.
Market looks bearish tomorrow and this could provide a good shorting oppurtunity.