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Dec 5, 2018 3:32 PM

Sun Pharma - near term bottom Long

SUN PHARMACEUTICALNSE

Description

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

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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