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SUN TV NETWORK LTD #SUNTV

- MOVING IN A NARROW RANGE; IN A DOWNWARD TRENDING CHANNEL

- FACING RESISTANCE FROM 400EMA ON 30MINS CHART.

- FORMED AN INSIDE BAR PATTERN IN DAILY TF

INDICATORS:

RSI AT 40-LEVEL AND IS BEARISH

TT2 TREND - BULLISH

CVD - POSITIVE

CONCLUSION:

1. BUY ABOVE UPPER CHANNEL

SL 386

TGT 400

SEE IF THE PRICE BREAKS ABOVE 403, BUY AGAIN WITH TGT OF 408/415/419

2. SELL BELOW 386.5

SL 100EMA; TSL 403

TGT 377/368

KEEP AN EYE!!

NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!

***in case of GAP opening, the given levels become invalid.

***this is my personal view. Please take advice from your financial advisor before investing.