Sun Pharma - near term bottom
Updated
A classical bottom formation.
It broke support of 430-435, triggered most of stop losses and bounced back with high volatility.
Also, it has formed a bullish harami pattern on hourly.
RSI oversold too.
Should bounce back to 460 levels.
Stop of 395
It broke support of 430-435, triggered most of stop losses and bounced back with high volatility.
Also, it has formed a bullish harami pattern on hourly.
RSI oversold too.
Should bounce back to 460 levels.
Stop of 395
Trade active
Bullish Harami formation on daily.Unwinding seen in both ITM and OTM calls.
Trade active
Add more at this level.Maintain strict SL of 395
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