Niftymedia
Sun TV - Major BreakoutSun TV clearly follow the 3-driver pattern. And currently the price has reached the Target 1 and after the breakout today at 570Rs, it moved rapidly to 590 and inching closer to the next target. And we have good lineups for Sun Network, it is possible to reach the second target or even the third target in the coming days.
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.