SUNTV trade ideas
Sun TV - Consolidation BO possibleLong consolidation seen in chart. Breakout possible anytime. Volumes are building. Fundamentally good company. Entry/Exit given in Chart. Good Risk Reward ratio.
On the verge of breakout ✌✌This scrip after consolidation is expected to give breakout as it is on the verge of breakout. So traders keep on your radar to catch the momentum.
Suntv in the cusp of Inverted Head and shoulder breakoutSuntv is about to give Inverted Head and shoulder breakout on the weekly chart
Rs 575 is the key resistance zone to watchout for. Once crossed above this level on weekly closing basis this stock will move high very quickly.
Do your own analysis before investing.
SUNTV | Getting Stronger | Swing TradeStrong Weekly Closing..Price getting squeezed in a range, Make or Break zone..!
Above 560 it can blast..
Recommended SL : below the low of Weekly candle
[SHORT TERM] SUN TV - 12%.Buy above 560. Multi year resistance level.
T1 - 600 - Trendline resistance.
T2 - 625 - Fib Retracement (1.618)
SL - 510
Risk reward - 1:1.
If it sustains above 625 in Weekly chart. It can give more profits.
Note:
It's my first idea, help me to improve by your valuable comments.
#SunTv @ Major Resistance#SunTv again reached to major resistance. 4 times we have seen rejection from same level.
Average Volume
20 MA Support
This crucial resistance not broken from last 2 years. Could be broken this time?
Keep it on radar for next week.
Note : Educational Purpose Only.
SUNTV - Keep an eye Will update soon | Was busy but got the stock for you | enter only after it gets out of all trendlines
Multi Year Breakout - Inverse Head & Shoulder BreakoutPositional & Investment Pick. SL has been mistyped. USE SL at 511
Sun TV - Shining like the sun?According to my technical analysis, there is an inverse head and shoulder generated in SUNTV. This gives two targets of 20%++ and 50%+ respectively.
Sun television has solid fundamental track records, with exceptional ROCE of 30+ maintained over the last 10 years and good sales & profit growth every year(except last 2 years due to pandemic). This sales decrease is already corrected with price and is now moving upward with new hops in its hands. Also, promoter holding always remained 75% which shows confidence in the boss.
How to trade?
I personally will wait for the breakout to happen since prices past few days are in a choppy region.
This stock can give massive returns when projected over one year time.
Disclaimer - This technical analysis is not a buy/sell call. This is just educational content to understand the workings of price.
SunTv looking good for swing tradeSunTv has given a channel breakout closed above 200dema looking good for given traget
