Monday, October 16, 2017

KEEP AN EYE ON SUNTV ON 17 OCT 2017


BUY SUNTVABOVE 810 TGT 822/830 SL 800


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Primary trend of the SUNTV  is bullish for now and  After showing correction from the higher level, now stock is trading in short-term recovery phase, it is 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 830; as the stock is managing to trade above its 22 &55 and 200 days moving averages with the RSI of 55, one may expect the targets of 850/860 in the stock if it manages to sustain above the immediate strong support level of 800. 830 level is seen as a strong resistance.

DAILY CHART FOR SUNTV

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