NeeteshJain
Short

Sun Pharma Short Setup (Double Top)

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

Comments

great call, still is there any further downside
+1 Reply
NeeteshJain ChandrakanthG
Yes, once it breaks and close below 732 levels. Regards
Reply
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