Sunpharma after giving a decent move of 200 points from its bottom now it has formed inverted cup and handle. posiible target is 400 or more downside possible.
This is the Chart of Quick Heal on the daily scale, A falling Wedge pattern did appear and the Prices breaks out downward.
Though Falling Wedges patterns are supposed to breakout upwards, but here it breaks out downward.
This pattern forms over a period of approx 6 months.
Break out came with a gap , hence signalling price may go down further.
Support for the...
