Media is no fancy sector to trade/invest in but offers good risk reward once in a few years. Can this possibly be that time? On weekly chart (6 months to a year), SUNTV seems to be in Wave 3 that is heading towards 950 or 1.618 Fibonacci level as seen in the chart. Incase one enters at current levels (655), it will be fair to book some profits around 820-30 levels.
Only way, one can generate returns in markets is having conviction in one’s trade and patience to dodge through jerks/deviations. This is not a trade recommendation. Please do your own due diligence.
Only way, one can generate returns in markets is having conviction in one’s trade and patience to dodge through jerks/deviations. This is not a trade recommendation. Please do your own due diligence.