The chart is making a Acending triangle pattern.nn
After breaforkout we can play for a buy move.
But with that we should consider the possible resistance for short term. And possible resistance zone can also make a new breakout point.
Ascending triangle pattern in weekly chart
Targets mentioned in the chart
One can initiate buy around 540
For long term target of 650 750 plus
Also the stock is below intrinsic value
Only for education purpose
Consult the experts
SUNTV has tested resistance zone multiple time and now it got weaker can expect this time breakout and this will lead to good rally in it,
as it is weekly chart it will take time to move, enter only if you have holding patience
Note: This is only for learning purpose do your own analysis before taking any trade. Thanks