yogeshna

Sun pharma long above 460

Long
yogeshna Updated   
NSE:SUNPHARMA   SUN PHARMACEUTICAL
Above todays high for 480/500
Comment:
Intraday Inverse head and shoulder formation SL 455
Trade active:
what a intra breakout after update
457 to 463 ....6 points move
Comment:
intra flag pattern is in progress
Trade active:
469 done
Comment:
Call Put
OI. Change in oi. Expiry Change in oi. OI
958,750 -158,750 28MAY2020 -255,000 263,750
521,250 263,750 25JUN2020 410,000 521,250

This is OI data of sunpharma which suggest 500 call n put writting is seen with 52 rs premium.....its range should be 450 to 550 in june expiry....or as per data buy on dip
Comment:
its only observation....no trade is based on this
Comment:
its due to results short stradle is done at 500 strike price
Trade closed: target reached:
todays high 498......chart posted on 2oth may good move by sunpharma
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.