dravya

SUNPHARMA - IMPORTANT LEVEL

Long
NSE:SUNPHARMA   SUN PHARMACEUTICAL
The stock is at crucial level.

See the yellow lines, which show what happened when the price came to this level previously.

The last time it happened, it failed to hold up.
But then it formed a base and now,

If buying continues to happen, very good chances of,
staying above the white line and futher, also above the rectangle .


Take positions accordingly.
Regards.
Comment: Rangebound. Above the line.
Comment: A hammer but below the line. Not so strong. Closing still below. Avoid till clear signals emerge.
Comment: Below the line. Still weak.
Comment: Above the line again. Keep a watch .