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StockRAI
Jul 21, 2017 7:18 AM

SUN TV | Breakout imminent ??? 

SUN TV NETWORK LTDNSE

Description

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.

Comment

Rising trendline is taken out. However I would prefer to wait until 779 is taken out and see a daily close below.
Comments
MrAkshatP
good 1 bro
StockRAI
@AkshatPatwa, Thank you bro !
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