Sun Pharma: Long term and short term view

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

Trade closed: target reached:

Sun Pharma
Target of 505 achieved

Made a high of 509.70 so far