Short-Term Buy: NSE:SunPharma

SunPharma has hit its bottom and one can expect a small bounce back. Buy for a target of 510-530 in 5-10 trading sessions with a stop loss at 449.

Note: These calls are based on my own analysis. It may or may not work well for you. So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)

Trade active:

Trade going good.

Trade closed: stop reached:

Made a high of 488.75 and then started again its downfall. SL hit due to market being in bearish mode.

Comment:

Even though SL hit, the stock bounced back and now almost close to reaching the targets. :-)

The SL hit was basically due to karnataka elections. :-(

Comment:

Finally Sunpharma reached the target of 530+, but in between it fell to hit our SL due to political situations (little unexpected).