2024-07-02 10:20:02
SUNTV
Sun TV has witnessed a sharp run up and has been consolidating in a narrowing range since last three weeks. during this consolidation phase it has formed a Triangle pattern on the daily charts. we expect this consolidation to breakout on the upside. We expect it to target levels of Rs 840 – 855 over the next few weeks. One should keep a stoploss of Rs 740 for long positions.
NMDC
Thus, we expect a recovery in the stock over the next few trading sessions. On the upside we expect levels of Rs 263 – 275. One stock keep as stoploss of Rs 245 for long positions.
(Jatin Gedia is a technical research analyst at Sharekhan by BNP Paribas. Views expressed are his own)
First Published: Jul 02 2024 | 6:34 AM IST
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