NeeteshJain
Long

SUNPHARMA - RESISTANCE BREAKOUT

BSE:SUNPHARMA   SUN PHARMACEUTICAL INDUSTRIES
It is been observed that the price action breaks above the resistance levels, now it shall move to 700 levels.

Target 700

SL 680
Trade active
Comment: 5 points away to reach the Target. Regards
Comment: Good time to re-enter as the price action retesting the resistance zone and now creating it as a support zone. Regards
Trade closed: target reached: Target was reached at Gap up initially and then it went down to previous resistance levels, which is now acting as support zone. Regards
Do u think Sun Pharma will touch 700 again ?
Reply
smart-money anishg86
@anishg86,
I think it's going to fall down to the 645-650 price band in days to come....
Reply
@anishg86, Yes, if it holds above 670 levels. Regards
Reply
sir, which timeframe should i use for short term trade, like for 1-2 weak..
Thank You..
Reply
@asif06542, Monthly, Weekly and Daily Chart. Regards
Reply
Awesome, I have been holding this for sometime now..
+1 Reply
NeeteshJain VikasChhatwal
@VikasChhatwal, Keep holding it shall reach to 700 levels. Regards
Reply
smart-money NeeteshJain
@NeeteshJain,
I think it's a false breakout and a lot of distribution is taking place at the current price levels.May fall down from the CMP..
Reply
NeeteshJain smart-money
@smart-money, It will reach to the 700 and above levels as it closed above the resistance levels. Regards
+2 Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out