Sun TV - Cup and Handle patternNote: This is for educational purpose only.
There seems to be a cup and handle pattern bullish breakout in Sun TV with good volume. RSI above 65 indicates bullish momentum.
SUNTV trade ideas
SUN TV - CUP and HandleNSE:SUNTV is forming cup & handle formation in day time frame.
It's almost near to the major 512 level. If it crossed the 512 level with good volume and closed above 512 on a daily time frame then we can expect a good up move.
*Do your own analysis before taking any trades.
cup & handle pattern breakout and head and shoulder patterncup & handle pattern breakout and head and shoulder pattern
Suntv | Circular Support & resistance 🎯⭕ Positional Trading opportunity ! Weekly Chart Alert !!! ⭕
--Buy Above =468.80 or CMP
--Target = 561.70 | 644.25
--Stop-loss = 420.95
--Lot Size = 1500
--R:R =3.67
--Expected Profit = 2,60,000+₹ per lot ( 37% )
--Expected Holding = 1-3 Months only
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) Tried to find the circular support
2) Volume is too good
3) following a perfect price action
4) fundamentals are good as of now
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SUNTV forming channelSunTV forming a channel in 2 hour time frame.
Either side opportunity there.
Trade according to the direction of the breakout.
Up-Side: Long: Target: 509-510.
Down-Side: Short: Target: 445-450.
Possibility of great reward trade.
SUNTV LONG - BREAKOUTNifty Media is still 52% down from ATH. We should see some bullishness in this sector. SUNTV is 2nd highest contributor of Nifty Media. Fundamentally the company is good. We should expect bullish momentum to continue.
CMP - 495
Target - 570
Returns expected - 10.5%
SUN TV ResistancePrevious trendline support may act as resistance. Also watch out for the Inverse Head and Shoulder on weekly scale, a breakout from both will be interesting
SUN TV Inverse Head and ShoulderSUN TV Inverse Head and Shoulder forming. Wait for breakout and price to surpass the monthly resistance.
suntv is good candid for longsuntv is near about to break out
making ascending triangle pattern its bullish pattern
strong company in tv direct companies
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SUN TV waiting for Weekly breakout NSE:SUNTV Levels already mentioned..
Note:
1. Views are personal. Recheck and take the trade as per your RR.
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SUNTV GOOD SELL SIGNALPrice rejection witnessed at 492-498 area.
So there is a hurdle near 490-506 i.e distribution zone.
Also a big bearish candle & gravestone doji kind of pattern has been formed in D chart & hourly chart respectively.
So it may go down from here.
Short near 488-492 if it comes.
Intraday tgt 471/460.7
SL 496
Let's see what happen....
Disclaimer: Ideas for learning Only.
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Sun Tv elliot wave analysisone of under valued stock which i seen recent days..every dip we can buy for long term target next 2 to 3 years it may reach 1000++
