sun tv

looks like a good chart, can be bought at current levels with sl of 390
shabbir attaching the link your views pl

 

what are resaon for buy sun tv here?

 

Reasons

1. Up trend. The trend changed in jun, from there on the script is forming a higher high and a higher low concluding that an up trend is in place.

2. Breakout. The stock at the current levels is breaking out of the recent high ie at 430.

3. Volumes. The volumes have been reasonable since nov.

4. Stop loss. It is around 390 meaning 40/430~ 10% away , target could be at 470

5. Topping out. The stock may be topping out but in that case it will hit the SL at 390, then we exit , just too bad. i trade with what i am comfortable with to loose ie the sl amount.

 

sun tv cheering up 444

 

made a new high 447

 

first target done at 470

 

well time to take all profits

 

I think SUN TV is in pullback mode, and likely to shoot beyond 500. Any thoughts? current level ~465

 

As of now we really do not know, most of the scripts are correcting and even breaking down from their established support levels.

I would enter only if the script takes out 495, then it would be a buy with a sl of 420 ( that is if it 420 level holds up) or maybe 450 if not broken.

 

Thank you, Shabbir sir!

 

i am changing my view, it's good for shorting now. i bought put option at 14:95, it's at 26..

 

It has a support around 428 .. may not be a right candidate for short

 

short term high risk trade, buy at cmp 447 with sl at 420
any views?