TradingView
Dinesh_C_Nagpal
May 2, 2023 7:03 AM
SUN TV NETWORK
Long
NSE:SUNTV
60
SUN TV NETWORK LTD
NSE
Description
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May 2, 2023 7:03 AM
Hello & welcome to this analysis
On the hourly time frame after giving a Hidden Bullish RSI divergence it is now giving an Inverse Head & Shoulder breakout that could take the stock to 450-460 as long as it stays above 425.
Good risk reward set up at the current juncture.
Trend Analysis
Chart Patterns
Technical Indicators
rsi_divergence
bullishhiddendivergence
mediastocks
Inverse Head and Shoulders
Comments
Mr_TM
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May 2, 2023 7:37 AM
I see it's coming down reason is
1 Underperforming
2 On a 21 EMA band (H, C) forming M pattern
2 point if it fulfills then good this is a good shorting opportunity!!
Dinesh_C_Nagpal
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May 2, 2023 8:18 AM
@Mr_TM
, thanks for your view point, if it cracks 425 I will exit else will try to trail this one for the bigger target
Mr_TM
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May 2, 2023 9:22 AM
@Dinesh_C_Nagpal
, you have a great technical understanding mate. So I always follow your view. Thanks for always publishing great views.
Regds!!
More
1 Underperforming
2 On a 21 EMA band (H, C) forming M pattern
2 point if it fulfills then good this is a good shorting opportunity!!