sun pharma looks bullish in short term.

in weekly, price bounced from downtrend channel support, regular bullish divergence formed here. price should move towards channel resistance.

Trade active:

till now 483.40

Trade active:

big move today, closed at 503.35.

Trade active:

cmp - 503.25, price is facing resistance at the down trend line,

Comment:

In a closer looks we can see ascending channel here, price bounced from support, now it ll try to break the trend line resistance.

Trade active:

price broke out of trend line resistance and moving towards ascending channel resistance. till now 530.

Trade active:

till now 549.90, so total 12.5% gain in 2.5 months, price is approaching the channel resistance. weekly followup chart

Trade closed: target reached:

price already reached the descending channel resistance line, and tgt is achieved here,

Comment:

cmp - 536, price broke out of descending channel then it retested the broken channel resistance , horizontal support also helped it to reverse and bounce back.

Comment:

In daily, price closed above upper BB with good volume and BB is expanding , looks bullish, 585+ is near term tgt ,