Sun pharma stock is on a verge of a breakout on weekly chart according to The Famous Darvas BOX Theory Sunpahrma is trading above BOX since last couple of weeks. as long as it sustain and trades above 440 target of 580 and 630 looks possible.
Strategy Buy in declines 485- 500 zone its a positional Buy reco.
Good entry point today cmp 483 -486 (50% position can be taken at this price range)
today cmp 473 at 02:43pm. will be waiting how it will will behave at this range 460 - 480 . as 480 broken and closing blw this indicating . 50% only position open. rest 50 pending order till next update.
well sunp taken support at 470 zone twise. and reversed. our 50% position is open avg price 483 485 zone. at today cmp 493 lets wait on friday sunp is results r thr. wil take call after result abt 50% pending qty order.
Target 1 580 Hit. Book Part and rest Hold position with 20DMA closing stoploss as of today its 520.