SUNTVIt has activated a Bullish Harmonic Cypher which is suggesting a pullback till 500-520 as long as it does not breach 470
SUNTV trade ideas
long positional i am a novice trader its just my analysis..
as per charts and patterns .. i can say first target 615 its in channel if it breaks the channel 637 .if it will move further it might touch 700
suntv flag pattern targetsuntv flag pattern target 615. so we can expect if it sustain above breakout level
SUNTVSUNTV just gave a perfect breakout of cup with handle pattern. Best level to buy is at 570. I have my entry from low levels, in the expectation of the breakout. One can accumulate it around 570 levels for medium term.
All levels are mentioned on the chart.
Buy Sun TvAs you can see, Sun TV has given multiple tops breakout yesterday on weekly charts. From last 2 years this stock was consolidating below 550 and multiple times it has tried to breach this level. However, it was unsuccessful and stock fell down. Yesterday, on the contrary, stock has given a breakout with good volumes. Targets as per Fibonacci are 724, 1012, 1300 and 1478. Target as per short term weekly chart is 628 W. SL 528 W. This stock is good buy for Long term, taking in to consideration of its political influence. Therefore, keep a deep SL for higher Fibonacci targets.
View - Medium to Long term
Time - 1 year plus.
SUNTVResistance breakout... This chart is meant for learning purposes only. Invest your capital at your own risk
Sun Tv Network Bullish Reverse Head and Shoulder PatternSun Tv Network Bullish Reverse Head and Shoulder Pattern
BUY SUN TV NETWORKAscending triangle pattern in weekly chart
Targets mentioned in the chart
One can initiate buy around 540
For long term target of 650 750 plus
Also the stock is below intrinsic value
Of 650
Only for education purpose
Consult the experts
Acending traingle pattern for making buy move 🤑Dear traders,
The chart is making a Acending triangle pattern.nn
After breaforkout we can play for a buy move.
But with that we should consider the possible resistance for short term. And possible resistance zone can also make a new breakout point.
SUNTV at Support levelsHey Guys.
Check out SunTV is at Support levels at 528-530.
Lets say on Monday its crossing 529 also we can go bullish till 535-537 Targets Intraday. If it holds bullish hold till 570 Swing Targets
Watch out if Gap down can go till our Trendline support of 520 Directly.
Trade both sides be cautious and go with your instincts.
Do not OVER TRADE.
Happy Trading.
SUNTV Network --Triangle pattern formed and Good in VolumeGood potential for long (at least for 3 months) whenever the candle closes above 571 level.
Stop loss : 535
First Target : 645
Second Target: 684 (when candle closes above 645)
Disclaimer: Please check with your financial advisor and put your analysis before taking any trade.
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 possible patternthis could be a possible scenario of the future price of suntv
560 is a key level to watchout for breakout
SUN TV : Classic cup and handle breakout...SUN TV : CMP 542
after a good breakout till 555 levels retested 490 levels.
it has formed typical cup and handle pattern .
tamil nadu election results too has positive sentiments adding to this stock.
its on the edge of break out above 550 levels for huge targets
buy for
short term targets : 600/656/682+
long term targets : 720 772/838+
SUNTV NETWORK :: BULLISHDATE: 27 MAY 2021
INSTRUMENT: SUNTV
TREND: BUY
TIME FRAME: DAY
CMP: 541.95
BUY ABOVE: 545
STOP LOSS: 525
TGT 01: 560
TGT 02: 579.25
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
Sun TV - Political LongA known DMK benefactor..should benefit from them being in power over the next 5 years. Also dominant player in South India for DTH and TV channels.
Long above 532.
SL 5%.
Will double allocation above 560 (And shift SL to 532 if it crosses 560)
Open targets for now but first target will then be 650.
The co generates a very healthy cashflow.
