Get started
anuragsahu614

Strongest among peers.

Long
SUN PHARMACEUTICAL (NSE:SUNPHARMA)  
anuragsahu614  
NSE:SUNPHARMA   SUN PHARMACEUTICAL
Support and Resistance Fibonacci Multiple Time Frame Analysis PHARMA pullbacktrade
1
0
supportandresistance fibonacci mtfa pharma pullbacktrade
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
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.