SUN TV Network
Wave Analysis:
Prices have corrected to the golden retracement zone (712-698 INR), a strong potential reversal area.
The stock recently saw a CHOCH (Change of Character) near 768 INR, indicating bearish rejection at higher levels.
Key Observations:
Liquidity Zone: Prior liquidity was swept between 712-698 INR, signaling accumulation.
Active Buy Zone: 719-735 INR remains a key accumulation area for buyers.
Trading Plan:
Disclaimer: This analysis is for educational purposes only. I am not a SEBI-registered analyst. Please do your own research or consult a financial advisor before trading.
Wave Analysis:
Prices have corrected to the golden retracement zone (712-698 INR), a strong potential reversal area.
The stock recently saw a CHOCH (Change of Character) near 768 INR, indicating bearish rejection at higher levels.
Key Observations:
Liquidity Zone: Prior liquidity was swept between 712-698 INR, signaling accumulation.
Active Buy Zone: 719-735 INR remains a key accumulation area for buyers.
Trading Plan:
- Entry:
Primary entry between 719-735 INR.
Secondary entry near 712 INR for deeper retracement. - Stop-Loss: Place stop-loss below 690 INR.
- Target Levels:
First target: 830 INR (minor resistance).
Final target: 871-894 INR (completion of Wave C correction). - Indicators to Monitor:
Watch for bullish price action near 719-735 INR.
ChOCH breakout for early entry signals.
Disclaimer: This analysis is for educational purposes only. I am not a SEBI-registered analyst. Please do your own research or consult a financial advisor before trading.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.