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Bravetotrade
Jul 11, 2017 10:25 AM

Sun Pharma: Into the Resistance -- The Shorting Prospects Short

SUN PHARMACEUTICALNSE

Description

Notes on the chart.

Hit like if this analysis is informative. Comments are welcomed.
Trade safe.

Best Regards
Bravetotrade

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Keep updated as targets will be revised wrt price action.

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..Post entry.

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For intraday:

I expect a push higher before we get our shorting opportunity.
So we can take a long trade in 565-563 zone with a stop below 560 to target 570 or higher.

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Book partial at 567

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trail the rest with sl <564.50 and book full near 570

Trade closed: target reached

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It was just an intraday long setup. We ll still look for short setup in the mentioned zone.

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Comments
theeye
Hi, after it gaped down on 22nd May then after taking support it's in full swing up move since few days and don't want to give up (short covering - all thanks to P-Note issue) thing it ill fill the gap of may, 636 then will move to fill all gaps down below. I am not so good in charting but like to watch gap filling moves.Appreciate your charting work very interesting.
Bravetotrade
@theeye, thanks for appreciation.
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