Sun TV Network Limited has broken the rising trend up in the medium long term. This signals an even stronger growth rate. The price has also broken through the ceiling at 603 of a rectangle pattern. A decisive break will signal a further rise to 843 or more.
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There
is no resistance in the price chart and further
rise is indicated. In case of a negative
reaction, the stock has support at
approximately 560 rupee. Positive volume
balance indicates that buyers are aggressive
while sellers are passive, and strengthens the
stock. The stock is overall assessed as
technically positive for the medium long term.
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