Saturday, March 22, 2014

Suntv triangle move

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 .
Suntv triangle move
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.



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