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NeeteshJain

SUNTV - Reaching out to Previous Resistance at 550 Levels

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SUN TV NETWORK LTD. (BSE:SUNTV)  
NeeteshJain  
BSE:SUNTV   SUN TV NETWORK LTD.
SUNTV breakout Parallel Channel NIFTY
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suntv breakout parallelchannel nifty
As observed on weekly chart, the price action breaks out from a consolidated down-trend channel, indicating shiftinh of dominance power on prices from bears to bulls. Now Bulls shall reach out for previous resistance levels at 550-560 levels.

Target: 550
Stoploss: 480

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