shaleenbansal

SUN Pharma Continuation of BULLISH Trend

Long
NSE:SUNPHARMA   SUN PHARMACEUTICAL
Stock has broken out of a rising wedge in an upward direction which indicates bullishness in the stock.

There is evidence of insiders coming onto stock to push the price higher and this gives strength to the bull case.

There is no immediate resistance for the stock and stock will likely continue the uptrend for near future.

This looks a good candidate for positional trade.

Entry should be taken care of. I would wait for a pullback to initiate a position. Entry at 520
Stop Loss 508 (2.3%)
T1 541 (4%)
T2 560 (7.7%)

NOTE:- Do your own analysis before initiating a trade.
Trade active
Trade closed: target reached: T1 Breached today at 10:45 and selling took it from there.
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