Sun Pharma: Long term and short term view
Updated
Sun Pharma CMP 482
The stock is trading right in the middle of a down trend channel since 2015 and the channel is roughly 300 points.
From medium to long term perspective based on charts, the best buy can be considered if the stock is available around 360-380 zone which is still 100 points away from current levels.
For short term traders
For short side
One can look for target 458 / 440
Stop above 505
For long trade
Target 498 / 505/ 528
Stop below 458
The stock is trading right in the middle of a down trend channel since 2015 and the channel is roughly 300 points.
From medium to long term perspective based on charts, the best buy can be considered if the stock is available around 360-380 zone which is still 100 points away from current levels.
For short term traders
For short side
One can look for target 458 / 440
Stop above 505
For long trade
Target 498 / 505/ 528
Stop below 458
Trade closed: target reached
Sun Pharma Target of 505 achieved
Made a high of 509.70 so far
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