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SUN TV NETWORK LTDSUN TV NETWORK LTDSUN TV NETWORK LTD

SUN TV NETWORK LTD

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SUNTV trade ideas

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.
NSE:SUNTVLong
by LiveTradingBox
SUN TV NETWORK LTD S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:SUNTV
by zenthosh
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.
NSE:SUNTVLong
by Kartik_Elkunchwar
SUN TV NETWORK LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/share) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It's important to remember that while these indicators can be useful, they are not foolproof. Always consider the broader market context and consult with a qualified financial advisor before making any investment decisions.
NSE:SUNTV
by zenthosh