SharemarketRaja

SUNPHARMA

Short
SharemarketRaja Updated   
NSE:SUNPHARMA   SUN PHARMACEUTICAL
1) Descending triangle price becoming narrow so wait for a breakdown
2) If there is any bearish signs 410 level then only look for short targeting 390
3) rating agencies downgrading this so it may fall
Comment:
triangle broken upside which is opposite to down view but triangle respected

usually ascending/descending triangles used for price breakout in any direction theory behind this is price becomes narrow & narrow to the triangle point then breaks with high momentum

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