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)
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.
We will book profits here & look for selling if it goes below 670 again later.
It gave us again intraday selling below 670 -made day low@662 to close at 665.
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.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ