vanathi

Sunpharma - Trying to break resistance!

Long
NSE:SUNPHARMA   SUN PHARMACEUTICAL
15
Weekly chart of sunpharma shows the price action is trying to break the weekly downward trendline. This week's close above the trend line and the candlestick pattern will decide about the price movement in the coming days. As the downward trenline is 2 yrs old, this break will play an important role.
Comment: Sunpharma buy above 700 with the stoploss of 660. Targets are 750, 800, 840 and 860. As per the price action these are the targets. I cant tell target for march expiry.
Trade active: @ 707 on 3/19/17
Comment: Pitchfork applied in Sunpharma.

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