SUNTV : Reversal from Golden Retracement Zone 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:
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.
Suntvanalysis
SUN TV HAS BROKEN THE RESISTANCE!Please remember the following information:
SUN TV has broken the resistance level of 829 on an hourly timeframe.
Entry: 829-833
Stop Loss: 815
Target Range: 860-865
Important Note: Sun TV Network's consolidated net profit for the quarter ended June has dropped by 6% to Rs 546 crore due to a decrease in revenue and an increase in expenses. EBITDA for the quarter was up by 10% to Rs 706 crore. Therefore, be cautious if you are considering buying the stock or taking a long position.
SUNTV GETTING READY FOR BIGSUNTV
Based on Monthly Chart.
Next Immediate Target 660 -700±
It is in the formation of W Pattern & Price moving in the Uptrend Channel.
If Monthly Closing above 710+ in this month or If it is Closing above the marked trendline resistance in monthly Chart, then it will Open the Door for 4 Digit Target of 1097± & 1040±
NOTE : Shared my View based on Chart. It is for EDUCATIONAL PURPOSE ONLY NOT A RECOMENDATION. Do Your ANALYSIS From your side too before entering the Trade.
SUN TV Positional Buy IdeaNSE:SUNTV has been sustained above level of 435 which was previous weekly resistance.
It is best time to take buy positional entry at level of 442-444 with stop loss of 415 (-27 Points)
My expected upside target will be 466 (+24) & 505 (+63).
Note: This is my personal analysis, only to learn stock market behavior. Thanks
SUNTV - Complex Bullish H&S pattern - Swing TradeThe above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. The final target is more than 50% from current price hence it may take even few months to reach that price level. Traders must keep this in mind while entering into the trade.
Trade setup is explained in image itself. SUNTV was also analysed few weeks ago, check out the analysis linked below
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
SUNTV CYCLIC DOUBLE BOTTOM HI EVERYONE!
LAST SUNTV SAME VIEW POST MISTAKENLY PUBLISHED IN 1HR TIME FRAME
THAT'S WHY AM PUBLISHING MY VIEW AGAIN
SUNTV EQUITY SPOT CHART POSITIONAL VIEW
FORMED CYCLIC DOUBLE BOTTOM DEMAND ZONE IN MONTHLY TIME FRAME
POSITIONAL TARGET-445
STOPLOSS-249
DON'T AVERAGE IF IT CLOSE BELOW 250 IN DAILY CANDLE
ACCUMULATE ON EVERY LOW DIPS
THANK YOU!
KEEP SUPPORTING!
CHEERS!