anuragsahu614

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Long
NSE:SUNPHARMA   SUN PHARMACEUTICAL
Sunpharma is continously in uptrend and had given a breakout after a good consolidation. Stock has tested its resistance and got a bounce back from that zone. Here is the reason why we can take a entry here:-

1. RSI is above 60 in both weekly and daily chart , which shows strong momentum.
2.Stock is out performing both NIFTY and PHARMA index.
3.Price taking support from EMA as well as previous resistance, shows an uptrend.

Entry- Above 827
SL- Below 780
1st Target- 865