Sun pharma is looking good on weekly chart by breaking falling resistance trendline and gives a strong close on above that so we can say this is a breakout but one thing I identified there is that a likewise trend of breaking all time high for creating a new all time high so I will feel much secure to take a trade on above previous all time high price which was around 968 and on the basis of previous trend I identified a decent looking target which is potentially achievable for swing trade and that is 1036, Sharing nifty pharma previous published chart too hope this will help to this stock to achieve target.
Comment:
1022 FROM 948 LEVELS
Trade closed: target reached:
FULL TARGET ACHIVED