Sun pharma has been consolidating after good runup up to 1160 from its low around 950. MACD is showing now good strength as MACD line about to cross its signal line, moreover scrip is trading above its 21 EMA on daily chart which further indicating bullishness in this stock, hence, more risk appetite traders can initiate adding this stock for the target of 1230-40 and more risk avers traders should wait this stock to break it resistance at 1160 with good volume.
Place strict SL at 1110-12 as this is a great support for the scrip.
Place strict SL at 1110-12 as this is a great support for the scrip.