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.
BUY
SUNTV NETWORK
Buy Entry @ 550
Target @ 620
Stop Loss @ 520
Risk Reward 1:5
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best of luck..
Shakthi
Major indicators are giving bullish signal at current price level.
" Note: Above Idea is for study purpose only, Please consult your financial advisor before taking any position."
#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...
Sun 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.
