SunTV is trading at a very important level of 440 and any breakout downside could easily lead to levels of 400 and further to 384, Upper Band Resistance is placed at 460 above which bulls will gain some strength and can take it to higher levels, but current market trend shows the trend as down. Trade safely and consult your financial advisor before trading.
Everything's mentioned on chart.
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Whenever you see a higher time frame chart you should ask 2 questions --
1) What trend is the market in ??
2)where are major levels of structure that you should be paying attention to - in that direction ?
SO in the chart i have shown above, the answers are following
1) Trend is bearish
2) Major levels of support and resistance are drawn in Horizontal blue...