sagarkotecha

Channel breakout, Doji formation

NSE:SUNPHARMA   SUN PHARMACEUTICAL
174 views
4
Sun pharma moved out from its channel and now testing support. A perfect doji formation with decrease in selling volume . Based on Monday movement we can confirm the trend.
Comment: Decrease in volume for last 3 days. Indicates buy? Wait for indicator.
Comment: Great, we didn't enter. Doji told us that.

Comments

sagarkotecha jacktheGREAT
@jacktheGREAT, Nice one. But it has to close above 652-654 for upside.
+1 Reply
jacktheGREAT sagarkotecha
@sagarkotecha, I want it come to 570 level
Reply
Keep a watch, Sun pharma looks like will come into its channel. and then continue its downward journey.
Reply
You seem to be Dead Right in your views. After such a big move almost upto 690 present consolidation is expected. As you said correctly here on, after this Doji, one can expect an up move
Reply
@guide733, Thanks. Another doji. Neither bulls and nor bears are strong. Need to wait for indication.
Reply
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