This is a daily chart of Suntv where i have shown the support and resistance range in rectangles
Suntv is already in downtrend - so we are looking for set-ups for shorting the stock
Suntv has already resisted from the resistance zone
Now where do we short sell Suntv ??
For that we shall go into the hourly chart!
Federal bank recently gave an up-move from 67 to 97 (more than 45 % up move in a short duration of 3 month)
Congratulations to all those who analysed and traded well
Every trader has strengths and weakness.
“You have to learn the rules of the game. And then you have to play better than anyone else”-albert einstein
Now coming to the analysis ,
The up-move looks...
As Joel had predicted (Link below), Tata motors bled before Valentine day .
I also wish to thank yogi sharma & Ajay sharma for the wave counts in Tata Motors...
Now what Next
As pointed in the chart ,
The next question will be -- Can Tata Motors now cross the hurdle or the Supply area ??
I present this question to the esteemed trading-view audience !
I thank all the users of the trading view for the comments on my previous post on Escorts. (link posted below).
it was an over whelming response and i was very pleased to hear from everyone
Thanks once again for spending your valuable time and pondering over the wave patterns
In fact i am a novice in wave labeling , and i understand there can be multiple views...