SUNTV trade ideas
sun tv breakout1. formed HL and HH with good trendline support
2. looking for resistence breakout. and huge selling rejection shown in the lower shadow
3. buy above 560
BUy Sun Tv Above 570 Target 1000 in long term Sun tv is ready for break out ... go long above 570 for 1000 for long term ...@Vignesh2429 , @CNBC_Awaaz @ZeeBusiness
Possible bullish setup in SUNTVNotes:
Possible confirmation of bullish break if the candle closes above 555.
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
Sun tvGuys 100% accurate. Reference chart for your support is with it. NEXT IRCTC,COFORGE,TATAMOTOR, ALL WILL HIT TARGET SOON
Sun TV Cup and Handle BuyPositional Trade(2-3 weeks): Sun TV is forming a probable cup and handle pattern.
Buy: Sun TV
CMP: 536
Target 1: 560
Target 2: 570
Stop Loss: 525
SUN TV- ASCENDING BROADENING WEDGE PATTERNSUN TV 1HR CHART- ASCENDING BROADENING WEDGE PATTERN BREAKOUT.
EXPECTED TARGET- 560.00
Media in focus(SUNTV)Q4FY21 revenue/EBITDA at Rs 7.8/ 5.5 bn were largely in line with our estimates (Rs 8/5.4 bn) but above consensus (Rs 7.7/5.2 bn). Advertisement revenue rose ~7% y-o-y (-11% vs Q4FY19), weaker than peer Zee (~9% y-o-y, -8% vs Q4FY19). Subscriptions rose ~7% y-o-y. But, DPS of only Rs 5 (~13% payout) in FY21 vs Rs 25 (72% payout) in FY20 and no buy-back announcement were key disappointments.
Commentary: Sun’s prime time market share in its flagship channel, SunTV, improved to 42% in April from ~37% in FY21. Going ahead, it plans high-cost non-fiction shows in Telugu/Malayalam and regain share. It targets to grow subscription revenue in double-digits in FY22F led by ongoing digitisation. On movie production, it plans to spend ~Rs 10 bn over the next two years.
SUN TV - stock has forming Head and Shoulders Pattern.
-Stock break and sustain above 560 Next level to636/680/573 levels .
-Support is near 500 level on chart
Inverted HnS Pattern - Bullish (Positional Trade)750 is a psychological level. Any breakout above this level with good volumes can lead to a big bullish move.
SUNTV Breakout Suntv is moving towards a breakout on both weekly and daily timeframes, It has also formed a rectangular consolidation (marked on chart) with several tests of the pattern boundaries.
SunTV is at crucial resistance zoneIt recently made a flag pattern there so keep a close eye on it it might give a big breakout
SUN TV Inverted Head & Shoulder Sun Tv is forming a Inverted Head & Shoulder pattern. And is currently at Breakout Levels. Please do your own analysis also.
SUNTV Formation of inverse head and shoulder seen in SUNTV. BO above neckline May give good short term buy opportunity
