SUNTV trade ideas
Sun TV good for short term investment, potential after breakout Sun TV good for short term investment, huge potential after breakout above 480. Upside potential is 580-600.
Stoploss is Rs. 428
Media sector will perform well in upcoming days.
Please do your own research before making any financial decision, i'm not sebi registered.
Look at the CHART and the TREND in 1WTF#As you can see the Wide widget pattern or Up-Wards Channel what ever you call it is looking pretty bullish!
*But some circumstances to be noted for sure
>Omicron variant.
>FII's selling.
>Volatility of the markets based on news.
#But one thing we can see is that the stock is pretty bullish in higher TF's and Volumes too.
*The ideal target is the Swing High Line and stop loss would be below the Swing Low Line.
Sun TV - Major BreakoutSun TV clearly follow the 3-driver pattern. And currently the price has reached the Target 1 and after the breakout today at 570Rs, it moved rapidly to 590 and inching closer to the next target. And we have good lineups for Sun Network, it is possible to reach the second target or even the third target in the coming days.
Great Opportunity in Sun TV - Breakout CandidateThe stock may given a multiple breakout in next coming week after good consolidation. The risk and reward is very favourable with ratio 1:3.
Points considered in analysis: The chart analysed on weekly time frame and for positional trade only.
- Ascending Triangle Pattern
- Volume accumulation in past few week
- 2 year resistance breakout
- Morning Star Candle
- Fib support at .618
Entry, stop loss and target mentioned in chart itself.
Disclaimer : Consult financial advisor before investing or trading.
suntvIt forming a triangle pattern in one hrs chart, and have a delivery & volume breakout (10days). And a crossover of ema 9, ema50 is forming in day chart.
so there is a positive view, I am going long my upper tgt is 530/533 and buying price is 524-525, sl-519.
this is only for learning purpose, plz do your own analysis before taking the trade.