Great Opportunity in Sun TV - Breakout Candidate

The stock may given a multiple breakout in next coming week after good consolidation. The risk and reward is very favourable with ratio 1:3.

Points considered in analysis: The chart analysed on weekly time frame and for positional trade only.

- Ascending Triangle Pattern
- Volume accumulation in past few week
- 2 year resistance breakout
- Morning Star Candle
- Fib support at .618

Entry, stop loss and target mentioned in chart itself.

Disclaimer : Consult financial advisor before investing or trading.

Yorum:

Very strong set up. survived in the selling market and going upward.

Yorum:

Breakout !!