Short Sunpharma on technical analysis till 1680

May 9

Siunpharma looks week in daily chart and seems it can fall 1680 zone as per price support on that area where bulls vcan activate and bears will close their position.

📈 Technical Indicators
Moving Averages: Strong Sell

Technical Indicators: Strong Sell

RSI (14): 31.939 (Approaching oversold territory)

MACD (12,26): -13.57 (Bearish)

ADX (14): 30.04 (Indicates trend strength)

Williams %R: -97.69 (Oversold)

🔍 Demand & Resistance Zones
Demand Zone: ₹1,840–₹1,850

Sellers' Liquidity Zone: ₹1,920

Major Resistance: ₹1,960 (All-time high on Sep 30, 2024)

📌 Trade Setup
Entry: Consider long positions near ₹1,850 or upon breakout above ₹1,860

Targets:

Target 1: ₹1,920

Target 2: ₹1,960

Stop-Loss: Below ₹1,820

Risk-Reward Ratio: Minimum 1:2

🧠 Fundamental Insights
Analyst Consensus: Buy

12-Month Price Target: Average ₹2,051.84 (Upside of ~14.98%)

EPS Growth Forecast: 12.3% per annum

Revenue Growth Forecast: 9.8% per annum

Return on Equity Forecast: 16.9% over 3 years

🧬 Recent Developments
Acquisition: Acquired Checkpoint Therapeutics for $355 million in March 2025, enhancing oncology portfolio

Earnings Beat: Q3 FY25 EPS of ₹13.40 vs. estimate of ₹11.98; Revenue of ₹136.75B vs. estimate of ₹133.98B

7 days ago

Trade closed: target reached

Sunpharma low was 1626 target achieved and its 100 point fall. amazing trade.

7 days ago

Note