shaleenbansal
Long

SUN Pharma Continuation of BULLISH Trend

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.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out