Sun TV Network cmp 800.75 by Weekly Chart viewSun TV Network cmp 800.75 by Weekly Chart view
- Support Zone 730 to 765 Price Band
- Resistance Zone at 920 to 950 Price Band
- Weekly basis Support at 730 > 626 > 531 with the Resistance at 891 > 986 > ATH 1097.80
- Support and Resistance Zone Price Levels to act as respective necklines for Short and Long Timeframe Rounding Bottom patterns
- 6+ odd years long timeframe Bullish Rounding Bottom inclusive of Double Rounding Bottom and/or Cup and Handle as one may view and interpret the chart pattern
Suntvtrend
SUNTV Analysis & Prediction in DTFThis is the analysis of SUNTV in Daily Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About SUNTV :
Sun TV Network Ltd. provides television broadcasting services. The firm engages in the business of Broadcasting of General Entertainment, News Television Channels and FM Radio Channels. It operates through the Broadcasting segment. The company was founded by Kalanithi Maran on December 18, 1985 and is headquartered in Chennai, India.
Breakout Opportunity: Sun TV Network (SUNTV) Primed for Upside Sun TV Network (SUNTV) is showing promising signs of a potential breakout on the horizon. The stock has been consolidating within a channel pattern, and a breakout above the key resistance level at 627 could pave the way for further upside potential.
Technical Analysis:
Channel Consolidation: SUNTV has been trading within a defined channel pattern, indicating a period of consolidation.
Key Resistance at 627: The stock has repeatedly tested and respected the resistance level around 627, highlighting its significance.
Upside Targets: Upon a confirmed breakout, potential upside targets include 648 and 674, representing immediate objectives. Moreover, the next significant resistance level sits at 735.
Potential Trade Scenario:
Breakout Confirmation: Traders should monitor SUNTV closely for a decisive breakout above the 627 level, preferably accompanied by strong volume.
Targets: Once the breakout occurs, the immediate targets are set at 648 and 674. Traders may consider taking partial profits or trailing stops at these levels.
Longer-Term Outlook: If SUNTV manages to surpass the initial targets, the next significant resistance level at 735 could offer an extended upside opportunity.
Risk Management:
Stop-Loss Placement: To mitigate risk, consider placing a stop-loss below the breakout level to protect against potential reversals.
Monitoring: Continuously monitor price action and volume dynamics to confirm the validity of the breakout and adjust your trading strategy accordingly.
Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Trading involves risks, and it's essential to conduct your analysis and consider risk management strategies before making any investment decisions.
Remember to stay disciplined and adhere to your trading plan. Keep an eye on SUNTV for potential breakout confirmation and adjust your positions accordingly based on evolving market conditions.
Sun TV Chart Analysis !!📈 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 revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
SUNTV Network - Buy & Accumulate 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 achievement/judgment in my profile ideas.
Please follow me , If you would like to see more ideas on stock movement
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**Disclaimer: I am not a SEBI registered consultant/Advisor. It is completely my view and opinion. My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling. Please do your own research and consult with your financial advisor before taking any action. I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index.
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Buy and Accumulate SUNTV.
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 would like to see more ideas on stock movement, please follow me.
**Disclaimer: I am not a SEBI registered consultant/Advisor. It is completely my view and opinion. My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling. Please do your own research and consult with your financial advisor before taking any action. I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index.
What A Setup "Suntv"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 530.5)
Strict SL - 507 (Day Closing Basis)
Target - 840