to the ktarget of 990, retracement will not be quick takes time . needs patience to hold the stock
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Here i want to put forward my analysis , why suntv will go up . why i am saying buy. we have seen dragon fly doji on weekly chart as what we have seen in weekly chart of nifty. Dragon fly is powerful candle stick chart formation. This week price made an high of 956 and closed the week making a low of 904 and to close at the 916.6, so now going forward in the week holding level of 971 . and 993 to 988 forms the important support for suntv , suntv has taken weekly trendkli support at 971, so we could see price has been pushed to the open level though it went to low of 971, Apart from that on daily chart price range is decreasing, so within one or two days you get to see wide range of bar, either side, mostly towards upside.
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i feel happy that now after long consolidation at the price of 978 suntv today it has shown momentum. soon we will see the levels of 956