As you can see on daily chart , sun pharma is on a down trend in Daily chart which is obvious
A successful daily close above 485 may change the trend on daily chart , till that time , it is still on a downtrend
Here the rectangular box is called the fair value area & the price usually gets attracted to this rectangle and the price rotates between the high & low of this rectangle
Any break of rectangle - we call it excess or tail based on the pattern
Here if we are going to take a trade - the trade will be Buy @ current levels Sl - 368 Target 1 - 425 Target 2 - 450