KISS like McGrath

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Asish, This is not a wolf pattern. looks to me a channalize move, However I will wait for Ajax to confirm. if I were you, thn I will short Suntv for a possible target of 1420. and if sustained at that level for 1-2 trading session will go long for a target of 1500+.
 

Ajax

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Hi uashish

Sun TV , it looks like a typical WW but it is not. ANy way it has moved a little
to high from last swing low for any comfortable buy position. As pointed by moneybhai it looks like a channeled move....

To repeat , look for bullish WW pattern like above during a down trend. TCS hourly post above being a example.

Regards
Ajax
 
I am sorry Asish, i feel ur right , after looking at the chart for a bit longer I can observe a bullish wofl in making.. again I wud like Ajax to comment on this. I have drawn this pattern for you again..
 
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Ajax , what do say about bullish wolf in making during consolidation phase.. I have read abt bullish wolf appearing during bearish phase only. but Suntv pattern does suggest a bullish wolf in making however the stock is going thru consolidation now.. so once it crosses 1680, i see a full blown bullish wolf, targeting at 1900+. ur views are welcome. also we need to take into account that media is the flavour of market now..
 
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uasish

Guest
Winstonn , Ajax & the other Wolfe gang has pursued a nice thing & trying to teach us a profitable pattern.

Sun TV in cash now (+) 4.67 %
 

marcus

Active Member
I am sorry Asish, i feel ur right , after looking at the chart for a bit longer I can observe a bullish wofl in making.. again I wud like Ajax to comment on this. I have drawn this pattern for you again..
Dear Moneybhai,

As per rules of Bill Wolf this is not a ww at all point 1 is completely off, the rules clearly state "point 1 must be a bottom prior to point 2" which is not the case here. You may meet your target for other reasons but I don't think its a ww,
 
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