Triple Bearish Divergence in SunPharma

Mar 6, 2018

As seen in above charts triple stochastic divergence is seen in SUNPHARMA giving a confidence of clear bearish phase.
Short SUNPHARMA at 530 with a target of 511(T1), 498(T2) & 466(T3). Stop loss of 542 is recommended.

Mar 7, 2018

Trade active

Sell at 526

Mar 8, 2018

Trade active

Target T1(511) achieved.....

Mar 9, 2018

Trade active

Sunpharma is moving up. Still it seems there will be greater correction by next week.

Mar 9, 2018

Trade active

Hold on short position. T1(511) again achieved.

Mar 10, 2018

Trade active

T2 i.e. 498 support will be breached on Monday? This is by far the strongest support level for SunPharma.

Mar 15, 2018

Order cancelled

Cancelling the trade at 525. No profit, No loss. It seems, there's no bearish movements further.

Mar 17, 2018

Note

Stochastic divergence still continuing...