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Sun Pharmaceuticals - Conditional Position

SUN PHARMACEUTICAL (NSE:SUNPHARMA)  
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NSE:SUNPHARMA   SUN PHARMACEUTICAL
SUNPHARMA Descending Triangle Inverted Hammer
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sunpharma descendingtriangle invertedhammer
Strong Inverted Hammer on daily chart. Descending triangle. May break on either side. Position to be taken based on where to it breaks.
Weekly chart shows clear indications of a downfall.
Comment:
Formed a hammer which basically means that the stock is sideways. Waiting for decisive action.
Comment:
Descending triangle worked. Stock price tanked.
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