Stock Name-SUNTV
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Here you clearly see a Harmonic Pattern ABCD is activated.
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The B point is break with a heavy volume, which shows the strength in this stock.
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The next candle after the breakout is made an inside candle & after that it breaks upside, which shows it continues to the previous trend only if it closes above the previous candle this month.
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(Best Buy 610-615 for favourable RR)
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Entry, Target & SL all are given on chart.
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View gets invalid if any candle closes below the Volume breakout candle in Weekly.
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I am not a SEBI Registered. This analysis is purely for educational purposes only.
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If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.
.
Here you clearly see a Harmonic Pattern ABCD is activated.
.
The B point is break with a heavy volume, which shows the strength in this stock.
.
The next candle after the breakout is made an inside candle & after that it breaks upside, which shows it continues to the previous trend only if it closes above the previous candle this month.
.
(Best Buy 610-615 for favourable RR)
.
Entry, Target & SL all are given on chart.
.
View gets invalid if any candle closes below the Volume breakout candle in Weekly.
.
I am not a SEBI Registered. This analysis is purely for educational purposes only.
.
If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.
Made a high of 734.90