Sun TV consolidates above ₹600 after sharp recovery

Sun TV Network is trading near ₹609.90 after a sharp recovery from the ₹460–₹480 support zone. The stock rallied quickly toward ₹650–₹660, then corrected and is now consolidating around ₹600–₹610. This consolidation is important because it is occurring above both the 20-day moving average near ₹601.55 and the 50-day moving average around ₹602.51. SUNTV The ₹600 level is now the key base. Price holding above this area shows that buyers are still defending the recovery. The Z-score is close to neutral, which suggests the sharp rally has cooled off and the stock is no longer in an overextended zone. ₹620 is the first resistance area. A sustained close above ₹620 can restart the upmove toward ₹640–₹660, where the prior swing high lies. If price crosses ₹660, the recovery can extend further. On the downside, a close below ₹600 would weaken the current consolidation and may lead to a retest of ₹580. The price structure remains constructive above ₹600, but the next directional move depends on whether Sun TV can break the ₹620 resistance.