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
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...
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.