techno_funda_guy

techno_funda_guy Updated 

it is a bearish continuation pattern compare with united spirits for similar example which is also published in my ideas disclaimer - this is just my idea and opinion trade at your own risk

techno_funda_guy Updated 

suntv is the only entertainment stock which has high profit margin of 70% and promoter holding is above 60% and fundamentally strong company which also gives good dividend , in long around april there are going to be elections which can make stock 20-25 up or down based on election ressults in tamilnadu

techno_funda_guy Updated 

we can see rsi near by 40 and mfi below 30(oversold range) , in short term we can expect to go to 9300 in long term can go 10000+ as bajaj finserv may get banking license we can see now price is currently at previous month low(december low) ,and in november also price traded at this range ,actually it is going sideways (consolidating) and bollinger bands...

techno_funda_guy Updated 

rising wedge formed in day chart ,and adx giving negative divergence but to confirm this we need rsi and mfi to be in over bought range currently RSI is at 60.4 & MFI at 63.1 and rising wedge need to be much closer but over all direction it is getting narrower i think in 1-2 weeks mfi and rsi will reach over bought ranges and rising wedge becomes much more...

techno_funda_guy Updated 

rising wedge formed three times in previous months from march to jan and in bigger frame made a big rising wedge price still at 15000 which also same in march month so can now buy and hold disclaimer trade at your own risk just my view posting thankyou for reading