One can look for Buying on reversal daily time frame , its done with tis previous move
Now I am looking for an reversal for Next Upside move
This trade would be positional both Futures & Cash
SUN IS A SELL IN 15M AND DAY CHART. BUT, IT IS NOT YET IN THE HOUR CHART.
SELL AT 529 WITH STOP LOSS @ 545. HIGH LEVEL STOP LOSS BECAUSE TRADERS ARE DOING ALGO BASED SYSTEM AND MOST OF THE TIME INTRA DAY STOP LOSSES GET TRIGGERED.
TARGETS ARE 518 AND 509 IN THE COMING DAYS.
SUN TV CHART IS BEARISH IN ALL TIME FRAMES, INCLUDING WEEKLY.
NEXT TARGET IS 505 AND 492.
SELL SIGNAL IN BEARISH ZONE IS A STRONG SELL SIGNAL. ALL THE COMPONENTS OF THE ICHIMOKU IS A CLEAR SELL.
Sun TV Network Limited is engaged in providing broadcasting services. The Company operates through Media and Entertainment segment. Its geographical segments include India and Others. It is engaged in producing and broadcasting satellite television and radio software programming in the regional languages of South India. It operates television channels in approximately four South Indian languages to viewers in India, and also to viewers in Sri Lanka, Singapore, Malaysia, the United Kingdom, Europe, the Middle East, the United States, Australia, South Africa and Canada. It operates Sun TV channel. Its other satellite channels are Surya TV, Gemini TV and Udaya TV. It is also into the business of frequency modulation (FM) radio broadcasting at Chennai, Coimbatore and Tirunelveli. It also has the license to operate an Indian Premier League franchise Sun Risers Hyderabad. It has presence across various genres, such as general entertainment, movies, music, news, kids, action and life.
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SUNTV
