NeeteshJain

Sun Pharma Short Setup (Double Top)

Short
NSE:SUNPHARMA   SUN PHARMACEUTICAL
It is been observed that price action failing to breach 770 levels due to selling pressure on higher prices that limiting the price action to 770 levels where it formed a double top (V-shape). Now it is a good time to short it with stoploss at 770 levels.

Target: 745
Stoploss: 770
Risk Reward: 1:5
Trade active: Price action breaking out 762 levels, now it shall move further down to 745 levels to fill the gap. Raise your positions. Good Luck, Regards
Trade closed: target reached: Targets successful achieved. Regards
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