SunPharma-Strong Buy-Swing- End of downward range?
Updated
https://www.tradingview.com/x/NQkC609M/ 
SUNPHARMA
03.07.2024
Buy above 1539
Target:1627
Stop Loss:1494
Risk-Reward: 1:2
01. Inside candle breakout in daily & Weekly
02. After big uptrend, price is getting consolidated
in downward range by creating LL & LH
03. Price has rejected & found fake breakout at 200 EMA level and 50% Fibonacci level.
04. Price has failed to create LH 04 & rejected at Midway.
Further it has broke channel & retracement done.
05. 20& 50 EMA rejections & about to cross over further indicating trend reversal.
Happy Trading!!
SUNPHARMA 03.07.2024
Buy above 1539
Target:1627
Stop Loss:1494
Risk-Reward: 1:2
01. Inside candle breakout in daily & Weekly
02. After big uptrend, price is getting consolidated
in downward range by creating LL & LH
03. Price has rejected & found fake breakout at 200 EMA level and 50% Fibonacci level.
04. Price has failed to create LH 04 & rejected at Midway.
Further it has broke channel & retracement done.
05. 20& 50 EMA rejections & about to cross over further indicating trend reversal.
Happy Trading!!
Trade closed: target reached
Target ReachedDisclaimer
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