ChartCorner

Sunpharma - Positional View , Long Term investment ( 40 % gain )

Long
NSE:SUNPHARMA   SUN PHARMACEUTICAL
Fundamentals :
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- The whistle blower case got settled down
- Stock was on 3 years consolidation
- Now it's on the same resistance level of 654 after 2018
- Chances are very high for Break Out

Technicals :
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- Rounding bottom formation in the weekly chart
- Bullish candlestick pattern ( Morning Star ).
- if it crossed the resistance level of 655. Then by the end of 2021, it may hit the target of 940
- RSI > 60
- Bollinger Band challenged
- MACD +ve cross over
- above 50 EMA
- ADX strength is Bullish
Trade closed: stop reached: Touched Stop loss
Comment: Wait and watch .. Enter above 610