Sunpharma - It is all messy with 732 & 820 Resistance

Apr 2, 2017

Since 1200 highs -It is all messy in the Sunpharma & seems that the pain will continue till the time it takes out 732 -key level & 820 -Critical level convincingly on the upside.

Only above 732 & later 820 shall give some relief to the stock in upcoming days else can trouble the traders to the core.

Short Term Chart (30 mins)


Trading Strategy

Short Term Strategy - One should take long positions either above 710 or sell below 680 as a strategy in coming sessions Below 680 we will likely see target zone 620-625.

Long Term Strategy - Tripple correction shall take it deep again till the time 732 & later 820 is taken out convincingly to give us confidence that the correction is done & we shall look for upside projections in that case.
Moving above 732 should be the early signs that this stock leave its pain behind & look towards new sunshine up in the sky.

Apr 7, 2017

Trade active

12"09 Hrs 7thApril2017

Last Price@673

Day Low666

We will book profits here & look for selling if it goes below 670 again later.

Apr 8, 2017

Trade active

11:45 Hrs 8th April2017

Last Price@665

It gave us again intraday selling below 670 -made day low@662 to close at 665.

Apr 18, 2017

Trade closed manually

18th April2017

Closed.

Aug 15, 2017

Note

18:19 Hrs 15th Aug2017

Call was closed - It is just a comment.

Recent Low@ 432 - has completed Z-Wave which we have been looking since sunpharma did not move above 732 - key level for upside projections.