SUNTV
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SUNTV trade ideas
Trade what's happening...not what you think is gonna happenAs soon as we see a breakout on the chart we form a basis ( or have a belief ) that the stock will burst and go upside.
We should not try to predict the market. Instead, we should wait and let the market tell whether the breakout is false or true.
You can crosscheck with other indicators. I personally use PRICE ACTION data i.e. after breakout the upper trend line previously acting as resistance now should act as Support.
Risk management - Enter 30% position at breakout, if the trade fails then your loss will be only upon 30% position. If the price respects the upper trend line then you can execute your remaining 70% position.
There is a big difference between predictive technical analysis and reactive technical analysis.
Predicting is trying to forecast where prices will go in the future and taking trades based on that belief.
Reactive trading is based on taking a trade after a signal has indicated the beginning of a trend.
The biggest leap to profitability comes when we stop taking trades based on what we think should happen in the market, and instead learn to trade signals that react to what is happening.
Note - The market doesn’t care about your opinion. It will go where it wants to go based on all of the participants’ actions. Get in the habit of going with the flow, and avoid trying to predict where the flow is going.
SUNTV 1W TF Price volume breakout at almost 14 month's long resistance.
Anticipating 670 on the upside.
SUNTV VIEWSUNTV breaks ASCENDING TRIANGLE pattern. so expecting bullish move through all time high. and keeping the stoploss on the bottom of the pattern.
Suntv LongSuntv good to buy for swing trade
We can buy suntv stock near by or at demand zone , 534-542 targets would be 610,681,776,840,975.
Head and Shoulder (Inverted).. Trend reversal Pattern..Inverted Head & shoulder and broken the line..
stock is bullish and looking good for long to the targets given in the charts! 708 & 826
breakout with good volumes, may wait for retest of resistance neckline for entry..
Chart is only for learning purpose only & not recommendation for buy or sell..
Suntv near multi-year breakoutSuntv near multi-year breakout , have a good potential.
1st safe target after crossing 680 is 800 , stock will struggle little bit upto price range 680. After few up and downs we can see other targets
2nd 900 , 3rd 1000 near about and final new all time high.
can suntv break shackles?strong breakout .
bounced from 0.618 fibo level
initiate buy above 585 for positionally
keep stoploss below 500
target 650, 760
suntvsun tv has formed a ascending triangle pattern it has a potential to go up if it closes above the blue resistance .....this is a weekly chart...its taking support on 20 ma and hence it can act as stop loss....the structure is looking good continuously making higher lows ......it can be a good swing trade if it closes above the resitance
SUN TV - Breaking a Consolidation of 02 Years Sun TV is breaking a consolidation of 02 Years ( Since June 2019) on Weekly Chart Basis. It has completed Inverse Head & Shoulder Pattern on Weekly Chart. It has sustained the above the Base line of 569 this week. The pattern is very Bullish, Keep it for 02-03 months for targets above 650.
Bullish On Sun TVIt may go towards 560 and if it breaks that, possible to reach 600.
Can Enter Now with SL 499 :)
Multi Year Breakout - Inverse Head & Shoulder BreakoutPositional & Investment Pick!!
First Base Formation is complete and the stock is ready for bull run. Keep Accumulating with Long Term View
SUNTV | Breakout occuring after long consolidationSUNTV | Breakout occuring after long consolidation.
CMP : 562
SL : 500
arget : 650, 825, 950
Almost 1:4 risk reward
Since it is long consolidation i'm ignoring the first resistance i hope it will be taken out.
