SUN TV - Poised for a potential bounceSUNTV is in a corrective mode. There is good looking Demand Zone on the weekly chart where one can expect to see a potential bounce
SUNTV trade ideas
SUNTV - Too late to Short - Too early to go longCMP: 722
Please don't trade FNO based on my views.
-------
Although another 5-10% fall can be expected on this counter, it is too late to short now..
One can wait for the correction to end, wait for reversal signals and confirmation to go long. Watchout for the falling trendline breakout for first sign of confirmation
--------------
Observations:
Shorter TF (75 minutes) view is that, price is following ABC correction to complete the 4th. in which, A and B legs are complete and the C is in play.
C wave unfolds in 5 sub-waves..
Of that 5 waves, it has completed i,ii,iii and iv.
V of C of 4th wave could terminate between 690 and 650 (650 being the 50% retracement level between wave 2 and 3)
Even in this final Vth wave down, price is now falling with speed in 3rd wave.. this will/must slow down in the coming days to form a leading diagonal around 650 levels
Price can fall down further to sub 650 levels too, but shouldn't go below 612 .. if it does, the count becomes invalid.
Primary view (weekly TF) is bullish and we are looking at 1200+ in the next leg up.
On Daily TF, price has completed 3 waves from the lows of 260 and now pulling back on the 4th..
Price must not break 612 at any cost for this view to play out. If the price breaks 612, then, this entire count should be revised.
Although another 5-10% fall can be expected on this counter, it is too late to short now..
One can wait for the correction to end, wait for reversal signals and confirmation to go long.
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
SUNTV reversing and BO from inverted H&SSUNTV price consolidated near long support line for last few session,
today it has broken the consolidation high with good green close and huge volume.
swing buy for few session
SUNTV @ 755 Analysis on 09-Nov-2024SUNTV @ 755
Supports 610/389/255
Resistance: 925
As long as 610/389 holds support, We will see 921 first.
Immediate target: 828
Further Targets: 960-1100, 1200, 1300-1500
Target Zones:
960-1012-1091
1312-1355-1446
1664-1721-1882
2534
Fast correction is good Sun TV CMP 761
Elliott - thats a zig zag corrective pattern n is complete.
Fib - 50% from a higher swing is strength.
Trendline - taking support above trendline is telling me the time is right to buy..
Conclusion - these fast corrections once complete are accompanied with sharp reversal and the trend remains very strong.
SunTV| orderblock Demand Zone⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
💡FNO Stocks Trading📉📈📊
✅Check out my TradingView profile to see how we analyze charts and execute trades.
✅We can't conduct a thorough analysis in such a short span of time. We need to review it, post our findings, and then take action.
🙋♀️🙋♂️If you have any questions about this stock, feel free to reach out to me.
📍📌Thank you for exploring our idea! We hope you found it valuable.
🙏FLLOW for more !
👍LIKE if useful !
✍️COMMENT Below your view !
SUNTV | Head & shoulder + Cup & handle Trapping ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
💡FNO Stocks Trading📉📈📊
✅Check out my TradingView profile to see how we analyze charts and execute trades.
✅We can't conduct a thorough analysis in such a short span of time. We need to review it, post our findings, and then take action.
🙋♀️🙋♂️If you have any questions about this stock, feel free to reach out to me.
📍📌Thank you for exploring our idea! We hope you found it valuable.
🙏FLLOW for more !
👍LIKE if useful !
✍️COMMENT Below your view !
SUNTV (Sun TV Network Limited) levelsSUNTV (Sun TV Network Limited)
Support Levels:
Psychological Level: 450 (a significant round number)
Fibonacci Level: 460 (38.2% Fibonacci retracement of the 2022-2023 rally)
Trend Line: 455 (the lower end of the ascending trend channel)
Resistance Levels:
Psychological Level: 500 (another significant round number)
Fibonacci Level: 515 (61.8% Fibonacci retracement of the 2022-2023 rally)
Trend Line: 510 (the upper end of the ascending trend channel)
Sun TV Network LtdImportant points marked.
*****Education purpose only*****
*****Investing in Equity is subjected to market risk do own research before investing*****
SUN TV Swing Long Setup - Sun TV is currently trading at 825
- I am interested in this setup where I see a huge imbalance on the left and we have high probable chances of this moving up rapidly
- We have also purged the sell-side liquidity which trapped a lot of shorts
- Now we are all set to expand higher
- Watch out Sun Tv if you are looking for swings
Sun TV Network LtdDate 09.09.2024
Sun Tv
Timeframe : Weekly chart
Company Essentials
SECTOR: TV Broadcasting & Software Production
Market Cap ₹ 31,889.33 Cr. II Enterprise Value ₹ 31,529.74 Cr.
No. of Shares 39.41 Cr II P/E 17.34
P/B 2.93 II Face Value ₹ 5
Div. Yield 2.07 % II Book Value (TTM) ₹ 276.60
CASH ₹ 359.59 Cr II DEBT ₹ 0 Cr.
Promoter Holding 75 % II EPS (TTM ₹ 46.67
Sales Growth 13.30 % II ROE 19.24 %
ROCE 26.20 % II Profit Growth 11.98 %
KEY HIGHLIGHTS :
1 Highest Eps & lowest PE to its main competitors
2 Highest ROE & ROCE to its main competitors
3 60% Operating profit which is very good
4 Dedicated South India high loyalty customers
5 Not much depended on seasonal earning such as PVR
6 Stable topline growth/sales & positive cash flow, no debts with 75% promoter holding/s
TECHNICAL HIGHLIGHTS :
If breaks out Gann 8/1 as shown then immediate buy or if any correction time wise then on any dip up to 5%-10% can start adding in small quantities.
The Gann 8/1 breakout will be confirmation of wave 5 (Elliot waves) formation/journey.
Regards,
Ankur
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
Sun TV Network headed to 1300+(?)Sun TV on weekly chart seems to be in ‘Wave III’ that could extend to ATH (all time high) of 1100 also completing the Cup (of C&H) as seen in the chart.
‘Wave IV’ could correct to around 800-850 levels and then ‘Wave V’ to head towards 1300 (over 60% rise from current level of 800) also completing the Handle (of C&H). This is all part of a larger Wave 3 that began in Mar 2020.
This is not a trade recommendation. Please do your own due diligence. Please also note the above price levels have been attained through various assumptions and need timely interventions when in trade.
SUNTV invert head and shoulder pattern ? / Double Top ? NSE:SUNTV Watch all Support and Resistance Zones
1. invert head and shoulder pattern ? - Need Breakout
2. Double Top ? - Need Breakdown
BUY in SUN TV NetworkGood buy in SUN TV Network.
BUY : At the range of 416-420.
Stop Loss : Put stop loss of 400.
Targets : 450/480/515/560.
Reason to buy : Good support from the lower range of 400-416.
HAMMER candle at the bottom on weekly basis.
Falling wedge pattern.(Bullish Sign.)
Very Good Risk to Reward Ratio.
SUN TV NETWORKSector leader
Sun TV Network was established in 1985 as Sumangali Publications Private Limited and was later renamed as Sun TV Network Limited. Sun TV, the flagship channel of the company, was started in 1993. STNL is primarily involved in television broadcasting.
Media Index is beginning to look good.
SUNTV
The stock is currently approaching its potential support level placed around 600, where the 38.2% FR level and previous key peak of 612 coincide.
The Weekly RSI is also testing its Oversold zone of 48-44 formed during bullish phase.
If 600 level holds, stock could resume its up-move to test 900.
Sun Tv - Expecting ReboundPost result stock corrected approx 10%
Standing now at 200 EMA
Expecting to take support at current levels i.e. 830-840 areas
Strict sl below 818
If sustains can turn 4 figures in coming days
If not will try to reach 770-780
SUNTV for 60% (approx..) GainSUN TV is showing trendline Breakout with good amount of Volume. fundamental is also looking good. Since 2018 it was showing a LH--LL formation but as per looking on chart the trend has change and after consolidation, it is making HH--HL on monthly chart. This is a good sign..
CMP : 605
TG : 900
SL : Below 9 weekly EMA
Stock's selection based on 5 Point Analysis:
1: Idea : Breakout.
2: Support : Volume, Delivery & VWAP.
3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up.
4: Fundamental : PE, PAT, Industry & peer PE and sector performance.
5: Timing : Entry Timing on Daily chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk.
Please consult your financial adviser before taking any decision.
Understanding the Sun Tv Stock Price Movement(1) The price is generally trending upwards.
(2) Following the breakout of the Rounding Bottom pattern, the price is now consolidating above the breakout point.
(3) There has been a significant increase in volume, suggesting strong buyer interest.
Suntv-An amazing swing trade in this media sector stock!Suntv had a strong supply zone of 570-600 which was broken and retested successfully.
Stock has made higher high, higher low and broke its previous high.
An uptrend is confirmed and we can have bullish move continuing in this stock.
A relatively safe stock from risky media sector for investment as well.
SUNTV - Ichimoku Breakout📈 Stock Name - Sun Tv Network Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 814.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
#CloudTrading
#IchimokuCloud
#IchimokuFollowers
#Ichimokuexpert
Excited about this analysis? Share your thoughts in the comments below!
👍 Like, Share, and Subscribe for daily market insights! 🚀
#StockAnalysis #MarketWatch #TradingEducation #ichimoku #midcap #smallcap #SUNTV
