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Basty
Apr 2, 2017 12:43 PM

Sun Pharmaceuticals - Conditional Position 

SUN PHARMACEUTICALNSE

Description

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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