SUNTV trade ideas
Suntv - Swing - LongHii Everyone, I am long on Suntv for a swing trade for following reasons :-
1 From june onwards, its continously taking resistance from 200 DEMA and crossed finally to confirm its trend reversal.
2. Its range bound from few weeks (mentioned on charts by yellow rectangular boxes).
3. Near support of trend line, 200DEMA and weekly support (yellow rectangle)
4. Risk to reward is good. SL is below 200DEMA (435) and Target is near resistance zone(near 475 to 500). CMP 442
Suntv shall see SUN a BIG SUN should be flying high highSuntv shall see SUN a BIG SUN should be flying high high Above 432 close keep holding as long you can
SUNTVIm not an expert im just sharing my views on SUNTV for tomorrow
Im not responsible for any profit or loss this is not a recommendation
#SUNTV CASH : LOOKS GOOD ABOVE 470.10#SUNTV CASH
06.10.2020
LOOKS GOOD ABOVE 470.10
STOPLOSS 464
TARGET 478-480/488
(STRONG RESISTANCE 478-480)
CMP 467.05
SUNTV is Making Symmetrical Triangle Pattern (Breakout Trade)Sun TV Network : Mass Media Company ( NSE:SUNTV ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for iNTRADAY Traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that BROKE this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.70% of your TARGET , you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already FiXED in the chart pattern.
You always have to trade only by M oney Management, P osition Sizing, S topLoss Trailing. This is the way to stay in PROFiT .
If you want to get something good like this EVERYDAY then follow me here on TradingView now.
Chart Published By Ravinder Sharma
Thank U.
SUNTV forecast based on Price Action!Hello traders sharing the chart of SUNTV hope it will help you!
SUN TV SWING ALERT!!!NSE:SUNTV
If the stock manages to cross 495, then possible short term targets will be 510/522
(ALWAYS TRADE BASED ON YOUR OWN ANALYSIS, USE OPINIONS ONLY AS REFERENCES)
