SUNTV was trying to break its crucial resistance of 860 for quite a few weeks. It has found not 2 or 3 but 4 resistance at this point till now and still managed to trace back to it. Today on the hourly charts it saw a sharp move beyond which showed buying interest and price can soon move towards 920 and 930 levels. Failure to move in 2 3 days will signal another failed resistance breach and price can drag down.
SUNTV
SUNTV
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Not breaking to the upside as expected. Expecting market to fall a little on friday. It can remain sideways with it.