SUNTV - Weekly AnalysisIn the Weekly Chart of SUNTV ,
we can see that; after Trendline breakout, it retested it properly and and now a strong Bullish momentum.
Expected momentum is shown in chart.
SUNTV trade ideas
Swing Idea for SUN TV NETWORKAfter a clear breakdown from Rising Wedge pattern in January 2024, Stock has formed Inverted Head and Shoulders pattern and has given breakout from it with good volumes, more upside momentum can be expected towards ATH.
SUNTV_Long_Support&ResistanceMCAP>20,000 Cr., IV=₹ 614, Debt to equity=0.01, OPM=62.8 %, No debt, RoCE>25,
Healthy dividend payout=26.9%, Excellent profit/sales growth for years, Promoter holding>=75%, Public holding<10%, FII/DII +++
[Swing Trade] SunTv 630#SunTV seems to be ready for massing breakout..
- BO done
- Retracement done
- Massive volume spike done.
P.S : I'm not SEBI registered. This post is only for education purpose. No BUY No SELL reco
Breakout Opportunity: Sun TV Network (SUNTV) Primed for Upside Sun TV Network (SUNTV) is showing promising signs of a potential breakout on the horizon. The stock has been consolidating within a channel pattern, and a breakout above the key resistance level at 627 could pave the way for further upside potential.
Technical Analysis:
Channel Consolidation: SUNTV has been trading within a defined channel pattern, indicating a period of consolidation.
Key Resistance at 627: The stock has repeatedly tested and respected the resistance level around 627, highlighting its significance.
Upside Targets: Upon a confirmed breakout, potential upside targets include 648 and 674, representing immediate objectives. Moreover, the next significant resistance level sits at 735.
Potential Trade Scenario:
Breakout Confirmation: Traders should monitor SUNTV closely for a decisive breakout above the 627 level, preferably accompanied by strong volume.
Targets: Once the breakout occurs, the immediate targets are set at 648 and 674. Traders may consider taking partial profits or trailing stops at these levels.
Longer-Term Outlook: If SUNTV manages to surpass the initial targets, the next significant resistance level at 735 could offer an extended upside opportunity.
Risk Management:
Stop-Loss Placement: To mitigate risk, consider placing a stop-loss below the breakout level to protect against potential reversals.
Monitoring: Continuously monitor price action and volume dynamics to confirm the validity of the breakout and adjust your trading strategy accordingly.
Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Trading involves risks, and it's essential to conduct your analysis and consider risk management strategies before making any investment decisions.
Remember to stay disciplined and adhere to your trading plan. Keep an eye on SUNTV for potential breakout confirmation and adjust your positions accordingly based on evolving market conditions.
Suntv Re-entry set up if missed earlier entry1. Trend bullish
2. Strength: strong
3. 2nd attempt to run upside with falling wedge set up
4. RR: 1:10
5. Price is come to demand zone after first entry so risk can be smaller worth taking with 10 times reward
DivergenceSunTV - Keep an eye on RSI divergence.
Similar Divergence is seen in May My India too, but that looks weak.
sun tv network looking good for positional after a long consolidation sun tv give that break out for positional trade expected good returns from it
Double Bottom chat pattern on daily timeframeThere are many things you can see on the chart. First thing first, at present double-bottom chart pattern is forming on the daily timeframe. Apart from the double-bottom pattern, there is a bullish RSI divergence on the chart and that zone is now acting as a support which earlier was a resistance.
BuyBuy 50 % at cmp 657 and 50% at 645 with SL of 620
Disc : It's not an investment advise to buy or sell
SUNTV (ABCD Pattern Activated)Stock Name-SUNTV
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Here you clearly see a Harmonic Pattern ABCD is activated.
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The B point is break with a heavy volume, which shows the strength in this stock.
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The next candle after the breakout is made an inside candle & after that it breaks upside, which shows it continues to the previous trend only if it closes above the previous candle this month.
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(Best Buy 610-615 for favourable RR)
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Entry, Target & SL all are given on chart.
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View gets invalid if any candle closes below the Volume breakout candle in Weekly.
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I am not a SEBI Registered. This analysis is purely for educational purposes only.
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If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.
SUNTV Trade plan1. Trend Bullish
2. Pattern - Rounding pattern
3. Breakout & Retest
4. RR is lucrative
Sun TV
Attached is the chart of Sun TV and planted on it is my Life Time Indicator. Before discussing this chart, I have some important points to discuss with you in general. Some one has asked for the analysis of Sun TV and I appreciate it, this is the only way we can learn. Please do not hesitate to ask any question, I will try to answer all the valid questions.
1. Please do not make any fresh investment in any Indian stocks before 21st December 2023. There is a reason for that which I would like to discuss after 21st December 2023 only.
2. If you have investments in Indian Stocks and sitting into profits, please exit at the earliest and just watch the market till above date and make further investment(s) only after above date.
Now, planted is my life time indicator and you can see that it has support at Gann Circle 8 and Gann Circle 10 is the resistance. We may discuss the chart only after above date, but so far no fresh investment.
$NSE:SUNTV Everyone is doing the SIP the Wrong way...NSE:SUNTV Everyone is doing the SIP the Wrong way...
Follow the "SIP Smartly" Indicator to do it Right.
We should do the SIP when others are fearful.
Do your research to pick the quality stock and add "SIP Smartly" Indicator and keep SIPping when you get a Buy alert for your stocks and sit back and enjoy. And let magic of compounding generate wealth for you.
Do your own research before investing or trading in any stock or indices.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
Suntv - breakout - keep on radar Suntv has been playing below 683 levels for a long time, nearly 5 years.
Now it can either breakout as per case 1 or it can take resistance from 683 and play out like case 2.
Either way it's good to keep this stock on radar and watch out how it plays out.
Plan your trade.
SunTV - Cup & Handle Patterns SunTV has broken out of cup & handle patterns. With rising volume, RSI and positive MACD, we can expect a rise in price. The next resistance looks to directly at 800+ on DTF. We can expect a target of 800+ here. For understanding when to consider a cup & handle breakout, please refer to my other suggestions or please send a msg and will happy to explain.
"Clean Charts, Easy Charts"
Learning and Earning!!
Cheers!!
Small Cup & Handle!+ Positive Sector
+ Prior up trend
+ nice follow through
+ DISC:- Trade executed at 664
+ SL Marked at day's low!
Suntv Technical AnalysisSuntv is about to complete 5th Wave and C wave
elliott wave analysis
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SUNTVSUNTV has good reaction in this resistance area more chances to move up side. 750 is Target and 620 is stop loss. Please focus on this script. 640 is Best price to buy.
SUNTV TRENDLINE BREAKDOWNTrendline already Broken......... SELL BELOW 652/46 AREA SL 669 TGT 610/580
SUNTV for a day after bloodbath in Nifty and bankNiftySUNTV looks like it's getting ready for a rally of another 10% after bloodbath in Bank Nifty and Nifty along with some PSU Stocks.
SUNTV has recently crossed it's 4 year high at 460 and looks good till 482.
What do you think?
SUNTV --- heading towards 800NSE:SUNTV
heading towards 800,
gave breakout on weekly timeframe around 550 which was a nice entry point
cmp is 633.50
most of the media stocks have given breakouts and moving up
This analysis is being done for educational and knowledge-sharing purposes.
This article does not offer any kind of buy or sell advice.
All stocks are positional and are held for a short to medium period of time.
Everyone is expected to conduct their own research and analysis to determine whether my point of view aligns with yours.
