kuru_bhisma

SUN PHARMA is a must buy tomorrow!!!

Long
NSE:SUNPHARMA   SUN PHARMACEUTICAL
It has broken all the resistence .
Tomorrow might get a dip .which will be a buy for sure.
minimum of 10 points is an easy target

All the best!!

Comment: 10 points achieved after the dip.
It tried to break but failed.

might seem to be a fake breakout. but i see it in a different way
explanation- gap down opening killing its strength ,
reason- global panic, US market on a verge of breakdown.
Comment: 615 an important resistance being tested ..
bulls are aggressive . not letting the stock fall.
might see a breakout .

figures crossed

Comments

May I ask the logic behind this?
+1 Reply
What next?
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kuru_bhisma slacktalk
@slacktalk,
will fall, and test its support
reasons -
1. weak RSI
2. global fear as US market has actually broke down by the time i posted this.
1st target is around 605 if opens normally or, USA market recovers till then
if it starts with a gap down opening(which will mean USA market has not recovered yet ) it will open at 605, a bounce will be there testing 50 EMA on a 5 minute time frame. and then fall will continue

2nd target is 590 which will be the bottom.

and then consolidates to find support
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