1.SUNTVYesterday we saw a huge movement in Suntv Network, this spike came on the back of news that ex-telecom minister Dayanidhi Maran, his brother Kalanithi Maran and the latter's wife Kaveri Kalanithi, were discharged by a special court on Thursday on charges of bribery and money laundering in the Aircel-Maxis deal. Price closed at 678.70 in F&O chances in percent 22. We saw on opening of trading session on friday there is gap up opening of around 75 points and technically in daily time frame we saw that there is breakout of symmetrical triangle pattern. The Gap which is formed is termed as breakaway Gap and from this level the trend is bullish and it take a long time to fill this gap because the breakout done in huge volume.
Those investors can take buy position when the breakout of resistance level 696 will do. And put the profit part when prices would comes at level of 735 with risk part of 660.