1. I made a green color circle showing a n pattern. Since it is activated now , will it has potential to move price down or it has lost its effect. See when a pattern appears on chart and if gets activated then no body can predict how far its effect travel to . Same is here, I made a green dotted line as soon as it breached on daily basis and close above green dotted line those who are shorts should logically leave their shorts .
2. On the other hand if price take out white solid to down side then one should leave longs. Then next target would be red dotted line. It means the effect of an is still going on. Always read candle sticks in this way.
3. As far as white solid line is not taken out I am on this stock. Those who are long in this scrip can hold but follow the exit condition strictly. New entrant should wait for red upper zone to breach only then long can be initiated by keeping sl of this zone. A good move can be seen in this scrip if red zone is breached upside to first halt in form of white dotted line.
4 . There price can pause sometimes and will resume it journey to blue zone.This way I manifested the whole trade of sun pharma for traders . Now come to investors . They should invest 30% capital here and if any circumstances price come to red dotted line and this line is not taken out down side then can invest 50% here. The chart speaks like this. Rest market will decide.
Note. All trading positions and investing should be taken on advice of your financial consultant.