yvatsji

IS SUN PHARMA READY FOR RALLY SEE YOURSELF !!

NSE:SUNPHARMA   SUN PHARMACEUTICAL
SUN PHARMA PRICE ACTION FOR COMING DAYS & MONTHS.

1. I made a green color circle showing a n evening star 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 trend line to down side then one should leave longs. Then next target would be red dotted line. It means the effect of an evening star is still going on. Always read candle sticks in this way.
3. As far as white solid line is not taken out I am bullish 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.

YOGESH VATS

Comments

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+3 Reply
Hi. Price is in the red zone and breached intraday, however could not close
Under such situation, when is the trade to be initiated

Rdgs
Reply
yvatsji Kndoshi
@Kndoshi, See price is exactly at red zone and made a hammer candle which I sign if weakness but still not activated if next day market close above hammer high then long can be initiated for target of blue zone. On other side price close next day low of hammer then wait for this signal effect.
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Good analysis
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For evening star the next candle has to open gap down.. here it didnt open gap down. As of now it seems in the correction mode and might touch 450 before any up move.
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it has made inverted head and shoulder pattern if m not wrong and its gonna be bullish for target of 510.
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sounds good in terms of analysis, however current;y its looking bullish
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Excellent analysis
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yvatsji drtirtha
@drtirtha, thanks for acknowledge my work.
Reply
Sir I'm new to share trading, how can I learn price action trading ?
Can you suggest any videos, courses, or books it would be very helpful to me....
Reply
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