SUN TV NETWORK LTD.

BSE

SUNTV

SUNTV has formed bullish flag on daily chart. Once it breaks out of flag pattern, then it can reach 920-950 zone. Below 794 will be pattern failure.

Passes all Elliot conditions Correction wave A is same as wave 4 Correction wave B is 38% of wave 5-A Expect down trend in this around the gap to fill and move to C

1. Could stay below the neck of the head and shoulders. 2. So enter once it breaks the yellow zone

CMP 836; after correcting the stock has bottomed out in smaller time frame charts. I would go long with stop loss at 810 Targetting 850/880+

It is been observed that the price action moving up in a trend and now it breaks an important resistance breakout at 545 levels. Now, it shall reach further up to next resistance levels. Target: 560 Stoploss: 545

As observed on weekly chart, the price action breaks out from a consolidated down-trend channel, indicating shiftinh of dominance power on prices from bears to bulls. Now Bulls shall reach out for previous resistance levels at 550-560 levels. Target: 550 Stoploss: 480

The price action breaking out from a consolidation between trend lines or horizontal channel. I believe if the buyers manage to close prices above 500 levels then we might see a long upside move. Kindly confirm the breakout at the end of trading session to initiate trades for tomorrow. Hope you trade with care, Thanks for your support. Regards