Triple Bearish Divergence in SunPharma

akshay1808 Updated   
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.
Stochastic divergence still continuing...


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