As you can see, Sun TV has given multiple tops breakout yesterday on weekly charts. From last 2 years this stock was consolidating below 550 and multiple times it has tried to breach this level. However, it was unsuccessful and stock fell down. Yesterday, on the contrary, stock has given a breakout with good volumes. Targets as per Fibonacci are 724, 1012, 1300 and 1478. Target as per short term weekly chart is 628 W. SL 528 W. This stock is good buy for Long term, taking in to consideration of its political influence. Therefore, keep a deep SL for higher Fibonacci targets.
View - Medium to Long term
Time - 1 year plus.
View - Medium to Long term
Time - 1 year plus.