As per the charts. Do not buy unless it triggers.
Nota
SunTV is also in downtrend. The bounce chart is drawn in a similar manner we did for Siemens analysis. But, We can see it has made a higher low instead of lower low which signifies weakness in the downtrend. Also, Suntv has formed Inside Bar in its last trading day.
But if we see the weekly chart, the trend line shows it is at the lower range of a sideways trend. So, We shall be skipping the bet on the downside movement.
Nota
Not triggered :)
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Get trades instantly and discuss them with me at my Slack Channel @ unofficed.com/chat/
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Telegram: t.me/unofficed
Our community is full with traders who actually trade!
Telegram: t.me/unofficed
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.