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SUN PHARMACEUTICAL IND L
Short
Updated

Sun Pharmaceutical, Bearish - Sideways

283
The stock has seen exponential rise since last many months without any intermittent major corrections. The fresh trend lines created have been breached now, and stock seems to have entered into sloping / sideways channel since Feb. Expect to see corrections upto 1300-1250 or upto the trend line which will be healthy for accumulation & gather momentum for future uptrend.
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On 4th June 2024, stock touched low of 1377/- and started uptrend. On 25th July 2024, stock gave strong break out from the channel & continued its uptrend.
aquarianup
Chart PatternsDescending ChannelFibonacci RetracementsidewaysmovementSUNPHARMATrend AnalysisTrend Line Break

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsDescending ChannelFibonacci RetracementsidewaysmovementSUNPHARMATrend AnalysisTrend Line Break
aquarianup

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.