SUNPHARMA bullish with tgt 1220- 1250 18/09/23
Sun Pharmaceutical Industries Ltd. Seems to be trending and bullish for a target of 1220 - 1250 and major trend line support near 1100-1127 levels
1. RSI daily / weekly / monthly above 60
2. Price taking trend line support
3. Narrowing Bollinger bands
4. Price near Upper Bollinger bands
5. Price under congestion for last 3-4 days
Disclaimer: I am not an expert I just share interesting charts here, Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix
1. RSI daily / weekly / monthly above 60
2. Price taking trend line support
3. Narrowing Bollinger bands
4. Price near Upper Bollinger bands
5. Price under congestion for last 3-4 days
Disclaimer: I am not an expert I just share interesting charts here, Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix