Wednesday, August 23, 2017

EYE ON SUNTV ; ABOVE 200 EMA


  Continue to hold CEATLTD buy call given in our last post
BUY SUNTV ABOVE 715 TGT 730/740 SL 700

FOR LIVE TRADING LEVELS WHATS UP ME

ON 09039542248

Primary trend of the SUNTV  is bearish and now stock is trading in short term recovery phase, it is likely to continue the upside move in near term with the crossing of the resistance level of 720 at 200 EMA. Then it will forming continuation pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 720 ; Then Overall trend of the stock is bullish. If the stock is managing to trade above its 200 days moving averages with the RSI of 40, one may expect the targets of 730/750 in the stock if it manages to sustain above the immediate support level of 700. 200 EMA can see as a strong resistance at 720. it is likely to experience fresh buying with the crossing of 200 EMA , where one may keep the targets of 750,760 in the stock with the stop loss of 700.
DAILY CHART FOR SUNTV:


2 comments:

  1. I have 2 lot of nifty 9800 call @109 , so what be market on Monday.

    ReplyDelete
    Replies
    1. Overall market is in uptrend, and nifty 9800 call it running at 122-125. you can book partial profit here

      Delete