Sun Pharma has been consolidating in a tight range , on the daily chart. It may give a possible breakout of this range in the short term. Even on a shorter timeframe - hourly chart , stock has retested the resistance/the supply zone multiple times . The supply zone from 677- 680 has been tested by the stock multiple times. Any resistance/support zone when tested by a price , multiple times, it becomes weak and the stock breaks out of the same zone in most of such scenarios.
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Sun is rising !
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Sun Pharma is moving up with good volumes!
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Price has broken out of the Supply Zone!!
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price is slowly and steadily climbing up , this is a defensive stock , so slow but steady.
Trade closed: target reached:
WHAT A MOVE!!!!