Stock showing all the signs of bottom in place....most importantly 'Higher High Higher Lows'. Inverted H&S also on the chart. Stock can move to 628-30 as T1.
I have bought 4 lots @569 now 553 please update as nifty has fallen is the structure still valid or I should book loss
xclusiv_abhi
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@VinayakSharma, Unfortunately, such massive selling will take beating on all stocks. However, I believe the structure is still intact. 540-550 is a good support zone. Hope this support levels survives on next leg down of Nifty. On the positive side, even though Nifty was down on Friday, SunPharma still saw signs of green.
Note - I think there is a US FDA visit to Halol plant this month. Keep that news in radar.