All indicators are positive and it breaks the trend line so it will move up further
Targets are
1338
1409-1427
1457
1556-1569
Stoploss:1170
Vijayaraghavan,
Inditrade,Kovilpatti
Sun Pharma
Last time when stock was at 482, we were not very confident for a big move past 505.
The stock made a high of 509, came down till 466 and is now back at 483 levels. How ever this time the chart looks much better.
After the stock made a low of 432 on 14-Aug-2017, the stock has now given higher top (490---499---509) :: higher bottom (432--459...
All indicators are positive, in weekly chart MACD crossover and in daily chart MACD cut, these indicators will help to move up further.
Target:
1143-1156
Further targets will update later
Stoploss: 1003
Bullish cross over on weekly charts on Aroon indicator and indicates a change in trend . Close above 54-55 levels can see this stock touch 60-64 in short run and 84-100 in a years time.
This stock has run up like no tomorrow lately.
Was a great run. Hope our community made some money off of it.
If not, worry not. Here is your chance!
Clear path to ~760, about 100 points down, is visible here.
Considering the overall bias that I have ( see the related trades), this one seems to be a very good short candidate.
If things pan out, this one will...
Been tracking this pharma company since 2014 when it was trading at levels around Re.1
Since it being a penny stock it is difficult to apply technical analysis due to variety of reasons.
However, the yearly support trendline is now making sense and provides an opportunity to buy it at current levels.
Does it have a potential to be a multibagger - Who knows ? But...
pharma sector is a under performer since 2015. the most secure sector came into the grasp of policy makers. traditionally pharma out perform when nifty is down, but this time will it be as usual ?
