Great Opportunity in Sun TV - Breakout CandidateThe 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.
