praveen.bhatiya
Long

Double Bottom Reversal

NSE:SUNPHARMA   SUN PHARMACEUTICAL
The stock has nicely formed the double bottom reversal pattern so one can expect that the long term downtrend has been reversed for time being. It has retested the neckline yesterday and bounced from that level. One can buy the stock now with the SL of low of today and continue with the trade for the target of 472. It offers a good Risk to Reward ratio of 3.50.

Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Trade active
Trade closed manually: Neither Target nor SL : what to do closing it and releasing the margin for other opportunity.

Comments

is there any way that sunpharma go up
Reply
@k61432k, That would decide the market, at the time of Analyzing this patterns appear and one has to act accordingly.
Reply
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