As seen in above charts triple stochastic divergence is seen in NSE:SUNPHARMA giving a confidence of clear bearish phase.
Short NSE:SUNPHARMA at 530 with a target of 511(T1), 498(T2) & 466(T3). Stop loss of 542 is recommended.
Sell at 526
Target T1(511) achieved.....
Sunpharma is moving up. Still it seems there will be greater correction by next week.
Hold on short position. T1(511) again achieved.
T2 i.e. 498 support will be breached on Monday? This is by far the strongest support level for SunPharma.
Cancelling the trade at 525. No profit, No loss. It seems, there's no bearish movements further.
Stochastic divergence still continuing...