Short to Long Term Investment Opportunity in Sun Tv

SUN TV has been in the Accumulation phase for more than 1.5 years. The earlier trend has been a clear downtrend. After that downtrend, the stock has gone into a consolidation phase.

The high volume in this has is suggesting the smart investor has been accumulating the stock at a lower price, these smart investor could be Institutional Investor, FII's, DII's, HNI's and other who has some kind of research on this company and are optimistic about the future growth of the company.

Price is heading towards the 200 EMA. The closing above this level will confirm the trend reversal in this stock.

The positive momentum on MACD and OBV indicates the market is moving ahead with the strength.

In upcoming months the stock can move to the 600 level and can move upside further.