Profit booking seems to have commenced in Sun TV
SUNTV
after good Q4 results.
Also, I can see that it has retraced 61.8% of its previous fall from ~ 1100 levels before starting a downward journey.
Looks like a good shorting opportunity to me with stop loss a few points above 1000 and first target near the 903-915 zone.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
SUNTV
after good Q4 results. Also, I can see that it has retraced 61.8% of its previous fall from ~ 1100 levels before starting a downward journey.
Looks like a good shorting opportunity to me with stop loss a few points above 1000 and first target near the 903-915 zone.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.