SUN TV NETWORK LTDUpdated SUN TV | Breakout imminent ???
Stock looks to have 779 - 796 as a good demand zone. We do have a trendline resistance approaching on the top as well. I would suggest to stay sidelines until the support or resistance is taken out. Beware of the impact due to political instability in Tamilnadu which will have a big impact increasing the volatility of the stock.
Note
Rising trendline is taken out. However I would prefer to wait until 779 is taken out and see a daily close below.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.