ponvendhan

Sunpharma Positional Buy

Long
NSE:SUNPHARMA   SUN PHARMACEUTICAL
Buy @440, target 486.30, stop loss 431, holding period 12 days

Reason:. Sunpharma is clearly in uptrend for past few weeks and it is moving in channel now, right now it is in bottom of channel and today it shows an upside movement. Hence I expect it will go up to top of the channel in 10 to 12 days.
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