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Price and trend forecast of SUNTV for Tomorrow, Weekly, Monthly

Sun TV Network Limited

Symbol: NSE:SUNTV

ISIN: INE424H01027

619.05

As on 2024-04-12

414.00 (52W Low) 734.90 (52W High)

SUNTV's Today's Performance

Sun TV Network Limited started the day by opening at 629.50 today 2024-04-12. Its shares reached a high of 633.75 and dipped to a low of 616.70 in intraday. When the markets closed, SUNTV’s stock price settled at ₹619.05 per share. Also check out its key support and resistance levels.

SUNTV Buy/Sell Targets

Tomorrow, sell SUNTV when its price reaches ₹ 619.05 with a stop-loss order at ₹ 632.19. You can set the target price as ₹ 605.91 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of SUNTV for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for SUNTV

Resistance Levels Value in ₹
Tomorrow Resistance 1 630
Tomorrow Resistance 2 640
Tomorrow Resistance 3 647

Important Supports for SUNTV

Support Levels Value in ₹
Tomorrow Support 1 613
Tomorrow Support 2 606
Tomorrow Support 3 596
Based on where the stock opens tomorrow, if SUNTV opens on a positive note, our first target will be ₹630. If Target 1 is achieved, we will aim for Target 2 which is ₹640.

But if SUNTV falls below the average value of ₹623.17, you can enter a sell side position with target number 1 - ₹613 and second target - ₹606 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of SUNTV

Looking at SUNTV, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, SUNTV has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for SUNTV is moderate bullish.

Tomorrow's Volume based share price Forecast for SUNTV

SUNTV's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -17%.

Reversal detection for SUNTV

Predicted trend chart of SUNTV tomorrow for price forecast
SUNTV may trend may continue to be bearish since stock is making lower low and we can get target of ₹622 in morning tomorrow
Target 1 tomorrow630
Target 2 tomorrow634
Target 3 tomorrow640
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with SUNTV's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if SUNTV opens on a positive note, our first target will be ₹629.63. If Target 1 is achieved, we will aim for Target 2 which is ₹640.22.

But if SUNTV falls below the average value of ₹623.17, you can enter a sell side position with target number 1 - ₹612.58 and second target - ₹606.12

SUNTV's Weekly Targets
1st Up Target 640.55
2nd Up Target 662.05
1st Down Target 595.30
2nd Down Target 571.55

As the week for SUNTV ended on bearish sentiments, we can expect further continuation of this sentiment. SUNTV's initial target will be 640.55 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 595.30 in the upcoming week.

Weekly OHLC Values
Open 624.00
High 638.30
Low 593.05
Close 619.05

Week for SUNTV started with an open price of 624.00, and the close was at 619.05. SUNTV reached the highest of 638.30 and dipped lowest up to 593.05 last week. This indicates a bearish sentiment for the week.

SUNTV full month swing targets
Monthly Up Target 1 685.80
Monthly Up Target 2 707.30
Monthly Down Target 1 550.05
Monthly Down Target 2 481.05

Targets of ₹685.80 can be expected to be reached in the coming month. Once SUNTV achieved this target, we can aim for the next upside target of ₹707.30.

SUNTV if fails to hold upside, down targets of ₹550.05 and ₹481.05 can be achieved by end of this month.

For complete three weeks if SUNTV is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

SUNTV is expected to reach the target of 629.63 in tomorrow's trading session.

After achieving the initial target in SUNTV, we will aim for higher targets of 640.22 tomorrow.

However, if SUNTV starts to trade below ₹623.17, then we will shift our focus to the sell side and aim for down targets of 612.58 and 606.12.