#SUNTV CASH : LOOKS GOOD ABOVE 558#SUNTV CASH
22 MAY 2019
LOOKS GOOD ABOVE 558
STOPLOSS 552
TGT 564-565/570/578
CMP 554.50
SUNTV trade ideas
suntv updateLooks weak for taeget 521/513, till it holds below 572, rise can be used.
Regards,
Sharma Yogesh
Sun rises....Sun TV (election result based stock)
1. in longterm downtrend
2. medium term uptrend
3. short term reversal attempt from downtrend channel breakout.
4. after channel breakout, now stock retracing back and near support zone is 536-540
can enter long on this support zone with stop loss below the medium term trend support on closing basis.
target longterm downtrend resistance around 600.
short term uptrend will be confirmed if closes above 570 and can expect target of 600
on close of above 600, stock may go upto 640.
any close above 645 will give strong indication of longterm uptrend offing.
Sun tv ....... bullish cypher ???Explained on chart.
Word of caution...... the stock is in a down trend . just playing for pull back.
SUNTV view 14 may - 18 maySTOPLOSS validity only on closing basis on daily chart.
Note - only for weekly traders
NSE:SUNTV
Sell on Rise this scrip is little tricky , have fooled lots of people so far
Some Trained eye can identify what i am trying to say here , Now i am looking this has
One possibility of adding short sell in Future on rise ,
any One who missed the entry can go for short sell on reversal after completing the small flag from current level
I am forecasting it as Possible Zig zag pattern for last drop of this current bearish trend
Good Luck
SUNTV - Bullish Shark - 1H TFBullish Shark on Hourly Chart of SunTV. BUY around 560-562.
I just started learning Harmonics, so I don't know how to calculate and giveout Target(s) & SL, yet.
SUNTV - Bearish Bat - 2H TFBearish Bat pattern on 2H Chart of SunTV. SELL 588-589.
I just started learning Harmonics, so I don't know how to calculate and giveout Target(s) & SL, yet.
Long The current pattern is developing in Expanding flat , my previous view was on regular flat , during live trade market extended its move
Now I am looking an daily reversal on the current structure
which will confirm the forecast is correct and the trend continuation , it will also validate the Expanding flat as confirm structure
if the price drops further then this set up is no longer valid to consider for one more move up
SUNTV Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Suntv Short IntradayIf resistance is broken go long for T1.
Looking at RSI, high probability of going short for T1 and T2.
All levels are mentioned on the chart.
Disclaimer - Not a recommendation to buy or sell, views only for educational purpose
Long Set UpOn daily Candle reversal one can look for buying April Future contract with stop below the daily candle low ,
it is not dropping in intense manner , so it will high likely reverse or Pause to Neutral on Monday ,
its still a corrective structure so it will move slowly but i am looking the move could reach till the target mentioned
in Chart
This trade set up negates if the price moves down aggressive manner
Can the Buyers save SUNTV and put it back into channel ??i have been inspired by @kinnari_prajapati to publish this post
please refer to her charts to find out more details on this post...
Short Postion on SUNTV - 16th April,2019As per the price action SunTv could give a short breakout.
* Intraday Short position on SunTV
Stop loss - 597
Target - 583- 587
Entry - 590-593
** Posted for record purpose
