Sun TV Network Falls 1.3% After Eight-Day Winning Run
Sun TV Network slipped 1.3% on October 1 after an eight-session rally. ₹664 remains resistance, while ₹530 is key support.
Sun TV Network Limited [
SUNTV
] fell about 1.5% on 1 October 2026, ending an eight-session winning streak. The stock opened with a gap down and closed lower.
On 30 September, the stock rose as much as 18% to touch a 52-week high near ₹664 after a media report on a possible SunRisers Hyderabad demerger. The company called the report a market rumour and did not confirm it. Over eight sessions, the stock had gained around 47%, and it gave back roughly half of its intraday gain by that day's close.
On the chart, ₹664 is the key hurdle on the higher side. It marks the recent high, and buyers need to clear it to restore momentum.
On the lower side, ₹530 is the key support. A close below it would weaken the structure of the recent advance.
Rumour driven moves can reverse quickly, so price action near these levels may say more than the news itself.
This is a market observation, not a recommendation.
Disclaimer: I, Akhilesh Jat (SEBI RA Reg. No. INH000016649), do not hold any position in the stock discussed. This content is informational, not a recommendation. Investments in securities are subject to market risks. Read all related documents carefully before investing.
214
79
shared an insight ⚡️ 29th Sep
SUNTV Rallies for Seventh Session, Breaks ₹530 Resistance
Sun TV Network rose over 6% on 29 Sept 2026 and gained about 22% in seven sessions. See the ₹530 support and the ₹600 and ₹660 resistance levels.
Sun TV Network (
SUNTV
) gained over 6% on 29 September 2026 and closed at ₹553.25, its seventh consecutive green session. The stock has rallied around 22% cumulatively during these seven sessions, reaching a four-month high.
The move is notable because it comes right after a fresh 52-week low of ₹447.20 last week. Since then, the stock has shown sharp upward momentum, while the broader market has stayed weak, with the Sensex declining over the same period. This points to stock-specific buying interest in the media space.
On the chart, the stock has broken above the ₹530 resistance level. This zone may now act as support, and holding above it would keep the improved structure intact. On the upside, ₹600 and ₹660 are the key hurdles, where selling pressure may emerge. ₹660 also matches the 52-week high area.
After such a sharp seven-day rise, some consolidation or profit booking is possible. Stance: the near-term trend remains positive while the stock holds above ₹530, with ₹600 and ₹660 as next hurdles. A close below ₹530 would weaken this view. This is an educational view, not a recommendation.
Disclaimer: I, Akhilesh Jat (SEBI RA Reg. No. INH000016649), do not hold any position in the stock discussed. This content is informational, not a recommendation. Investments in securities are subject to market risks. Read all related documents carefully before investing.
910
62
shared an insight ⚡️ 28th Sep
Elecon Engineering jumps 6.9% as Nifty, Bank Nifty slip
Elecon Engineering closed 6.91% higher against a weak market, closed near a two-month high. Support at 400 and resistance at 500 and 580 in focus.
Elecon Engineering Company Limited (
ELECON
) rallied as much as 6.82% intraday today and closed 6.91% higher, even as the broader market stayed weak. Nifty and Bank Nifty both traded at their lowest levels in about 24 weeks, or three and a half months.
The stock had been moving in a broadening pattern since late July, printing higher highs and lower lows together. Volatility has increased after the previous swing. Today's move cleared the previous high, and the close is near a two-month high.
With volatility rising, the 400 level may act as key support. On the upside, 580 may act as key resistance, and the psychological 500 mark may also act as resistance in the near term. For the long term, the 352 to 346 zone may act as major support.
Price action near these levels will show whether the breakout holds or fades. A close back inside the earlier range would weaken the breakout, while acceptance above the previous high would keep it valid. Traders may also track volume during the next sessions.
Disclaimer: I, Akhilesh Jat (SEBI RA Reg. No. INH000016649), do not hold any position in the stock discussed. This content is informational, not a recommendation. Investments in securities are subject to market risks. Read all related documents carefully before investing.
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