Triple Bearish Divergence in SunPharma

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.

Trade active:

Sell at 526

Trade active:

Target T1(511) achieved.....

Trade active:

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

Trade active:

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

Trade active:

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

Order cancelled:

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

Comment:

Stochastic divergence still continuing...