k314

SUNPHARMA monthly chart study

NSE:SUNPHARMA   SUN PHARMACEUTICAL
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

Comments

commendable analysis
+1 Reply
k314 nalinakshi
@nalinakshi, Thank you madam :)
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out