SUNTV trade ideas
SUN TV Cmp 524 dated 21.5.2021SUN TV Cmp 524 dated 21.5.2021
1. Inverted Head & Shoulder on chart
2. Above 540 it will move to 570-600-620-650-
670 SL 490.
It is just a view, pls trade at your own risk.
SUNTV - BreakoutSUNTV stock has given a good breakout with high volume. If SUNTV stock sustains a 528 price level, the stock may show a good upside rally for the next trading sessions. If anyone wants to initiate a fresh long position in this stock, please wait for the pullback and then initiate a long position because at that time the risk-reward ratio will favorable to our side.
Buy = 528 - 529
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SUNTV Short (612 - 620)SUNTV
Sell
E: 612.6 - 620.25
S: 644.55
For Long side, can be traded from CMP 532 to 558 & 570. Any day closing above 571, will take it to 612 - 620 levels.
SUNTV at its supportSuntv is near its support level. Buying CE and holding for a few days looks positve. One can accumulate for higher long term targers
SunTV is at crucial resistance1) there are many rounds on chart cannot say it a HnS or Cup handle pattern but considerable
2) Resistance zone is very crucial for the stock for short term as well as long term
3) if you see the trend line indicating that the medium term trend of the stock is slightly bullish
#SUNTV Inverted Head and shoulders.In the weekly time frame, we see an Inverted head and shoulders pattern above which is a strong resistance zone. Breaking of this resistance will give us a very clear upward movement.
We have given you all the possible outcomes in case of a breakout.
Educational purpose only - kindly do your own research.
Good luck.
Sun TV network: Turnaround PotentialSUNTV: one of India's largest media Conglomerates has power packed 33 TV Channels with the reach of more than 95 million households in India, is PERFECTLY RESPECTING ASCENDING TRIANGLE PATTERN ON MONTHLY TF. 559 IS AN IMPORTANT LEVEL TO WATCH.
Head & Shoulder formationSunTv formed inverted H&S pattern. More time the resestance is tested more chances are of breakout. Safe traders wait for the breakout. We can still buy this stock at this price. Bcoz it will surely break the resistance in some days. Check our previous idea too on this in related post
Sun TV to take long entryLong Sun TV above 508 TGT 550 SL 492. stock is at good buying area value. Well support taken & now bullish factor can be seen. RSI also forming positive divergences.
This is for your educational purpose only.
Suntv Descending triangle I'm expecting breakout, buy after the break out with the target of 600++ in upcoming months
11/05/2021 Research Report For SUNTVBuy @ CMP (CURRENT MARKET PRICE) and Below 500 Heavily Accumulate
Target 1 :- 600
You Can Set A Tarling SL On 600
Sun Tv_17.50% upside targetDate: 27 April 2021
Sun Tv (CMP: 488.65)
Falling Wedge Pattern Formation.
Target and SL given in the chart.
SUNTV Network - Buy & Accumulate SUNTV Network
SUNTV is in strong Buy Zone.
MY view is, It will move up to the expected target levels of 559, 597, 650
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**Disclaimer: I am not a SEBI registered consultant/Advisor. It is completely my view and opinion. My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling. Please do your own research and consult with your financial advisor before taking any action. I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index.
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Sun TV – Trending Fan Pattern, Resistance breakout above 558Technically Stock has habit creating Trending Fan pattern same can be seen in Monthly (Black Lines), Weekly (Red Lines) as well as Daily Charts (Green Lines).
This Time Stock gave Bullish Trending Fan Breakout around 470 levels, mostly due to Exit polls of TN election where DMK is expected to win.
On weekly Chart a Small Resistance is seen around 558, crossing same 2 year accumulation will get over and stock should start zooming in Short Span of Time.
Entry – CMP
Stop loss - 470 (515 after price runs up)
Target 1- 745
Target 2 – 985
Duration - 6 months to 1year (since target is huge)
All numbers are weekly based
Bussiness model: Running TV channels for South India
Dividend yeild 4.81%
Promotor holds 75% stock
0 debt company, (Debt free from last 10 years)
Profit continuously growing with good cash flow statement
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
