The stock, however, has been moving in the range of 610-730 after making its low of 571.90, making higher lows and lower highs, one of the characteristics of pattern.
Besides, the stock looks to be taking its support @623.60. The oscillator, on daily time scale, has given positive histogram with line crossing above the signal line. Any price move below 623.60 may be deterrent for the long side position, as the stock might start heading towards making its new low below 571.90.
Below is the monthly chart of SunPharma .
last price 654.5