Support or Breakdown? Sun TV at Crucial Juncture

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Sun 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.

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