lahanuenterprises

SUNPHARMA FOR SWING TRADING, 1Hr pattern

Long
NSE:SUNPHARMA   SUN PHARMACEUTICAL
After being in the Downward Channel for some time, SUNPHARMA gave a good volume breakout. After giving a breakout on the 1 hr time frame, it formed an inverse head and shoulders pattern. And today, i.e 17th November, it broke its neckline. Due to these factors, I am long on this stock. I have also given a target which I think would be met in this week. This stock is very good for Swing traders as it would give a very good targets in coming days.

DISCLAIMER: This idea is my own idea and I have done my own analysis. Before investing please do your own analysis or ask your financial advisor.

Thank You