SUN TV
- As per previous report published on SUN TV stock gave a sharp weakness after breaking its support @ 400 and made a low around 358 as mention in our previous report of SUN TV. (Click here to see previous report published on SUN TV).
- Now as per graph 1 current chart, Technical indicates that stock gave a strong selling after breaking its up channel formation and stock is now facing its trend line support @ 358, this indicates as long as stock holds above 358 it will favor bulls but once stock closes and stays below 358 then bears will get active again and can see further weakness in SUN TV.
- Intraday close watch if SUN TV starts trading below 358, if holds below 358 in day trading then intraday weakness is expecting.
- Suggested Reading - UFLEX is moving up from 50 DMA, will favor bulls once stock closes and stays above 145.
- As per graph no2. stock major indicator "RSI" is now gone below 30 levels , this indicate SUN TV is now entered in oversold zone and its a sign of caution for bears and stock can bounce back. And as stock is now trading near support zone this indicates stock may get some pull back.
- If stock moves up from current levels then will find strong fibonacci retracement resistance around 385, 400, 414 and 426 as shown in graph no 3.
- Click here to see all the trading reports (tips) published by us on SUN TV (as per technical analysis point of view).
- Tips on shares.
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