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Niftymedia

Support or Breakdown? Sun TV at Crucial JunctureSun TV Network – Technical Outlook Weekly Timeframe: The stock is trading near the parallel channel support zone of ₹530–₹550. Weekly RSI indicates that the stock is taking support at this level. Daily Timeframe: The stock is also taking support around ₹530–₹550. However, it is forming a Head & Shoulders pattern — a breakdown below this level could trigger a major fall. If the ₹530–₹550 support zone holds, we may see higher prices in Sun TV Network. Stay connected for further updates. Thank you!!
NSE:SUNTVLong
by FiveCircles
PVR Cinemas - Bearish callPOSITIVE SIDE: 1. If the market starts with a bloodbath as it happened for the last few monday, we can expect PVR to turn bearish. Corona lockdown is another such indication for the bearish movement. 2. Wait for the support break. Most probably it has to break when the market starts with a bloodbath. 3. Target 1 is a easy reach. If the moving average 20 & 50 collides after the target 1, we have high chance of reaching Target 2. NEGATIVE SIDE: 1. U Shape has been formed, indicating bullish movement if the retest has been confirmed. So, wait for the support to break. And make the decision according to the market flow.
PShort
by VigneshRaja-UthayaKumar