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.