SUNPHARMA monthly chart study

SUNPHARMA is at a crucial support zone (472-481)
It never closed below 474 on monthly basis since last 5 years. A close below 474 could open up a bigger downside. At the same time it has been trading withing a channel of thin width. Above 608 it could start a fresh bullish rally.
Comment: On monthly chart Sunpharma close at 480+ (MAY candle). Thus bulls are now safe.
Looking forward to buying after the channel breakout
Comment: Support broken in DEC 2018

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