Hi Friends,
Looking at Suntv structure.
On daily chart suntv has made consicutive abc's which makes the case of
a triangle .Lets look at the chart .
From the chart we can see
the present move looks like
finished a of abc and right now
expecting b wave correction in it
and then a rally towards 420 levels
Ideal trade would be to long the stock once b wave finishes ,Trading
b wave won't be easy ,Better wait
for b wave ending to trade for c wave long.
Lets see how stock performs in next few days ,Accordingly a long can be initiated once
b ends.
Regards
Rish
Looking at Suntv structure.
On daily chart suntv has made consicutive abc's which makes the case of
a triangle .Lets look at the chart .
the present move looks like
finished a of abc and right now
expecting b wave correction in it
and then a rally towards 420 levels
Ideal trade would be to long the stock once b wave finishes ,Trading
b wave won't be easy ,Better wait
for b wave ending to trade for c wave long.
Lets see how stock performs in next few days ,Accordingly a long can be initiated once
b ends.
Regards
Rish
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