SUN TV
- SUN TV is facing strong support at current levels, as stock is moving in a up channel formation, chart indicates if SUN TV falls and closes below 400 then further weakness is expecting , as long as holds above stock to favor bulls. close watch.
- Intraday close watch once SUN TV start trading below 400, if stays below then can see intraday weakness in SUN TV.
- Suggested Reading - ICICI BANK on the verge of bullish breakout.
- Daily chart also indicates stock is holding its 200 days moving average support at current levels, if Sun Tv starts trading below 200 DMA then as per technicals weakness is expecting. As long as trades above stock to favor bulls.
- If stock falls from current levels and closes below 400 then SUN TV will find next strong support around 372 fibonacci retracement and 358 trend lines support. Close Watch.
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