SUNTV
Over the past three weeks, Sun TV has had a significant upswing and has been stabilising in a decreasing range. On the daily charts, it has created a triangle pattern during this consolidation phase. We anticipate an upside breakout from this consolidation. Over the next two weeks, we anticipate it will aim for values between Rs 840 and Rs 855. For long trades, a stop loss of Rs 740 should be maintained.
NMDC
For the previous five trading sessions, NMDC has been trading in a declining channel. It has reversed the trend by breaking out of the channel on the upside. On the daily charts, it has also begun to create higher tops and lowers, indicating an uptrend in accordance with the down theory.
As a result, we anticipate that the stock will rise during the ensuing trading sessions. We anticipate levels of Rs 263–275 on the upside. For long bets, one stock is kept with a stop loss of Rs. 245.