Keep an eye on SUNPHARMA it is on the verge of its breakout from a triangular pattern. There is a concert resistance at 526.90 levels. SUNPHARMA has retested these levels multiple times now and there is a good possibility that it is going to break these levels this time.
Reason to Buy:
1) Multiple retesting or concrete resistance levels.
2) Trading over 200 EMA...
After reaching the target comfortably, profit was booked. Now it has shown a nice rejection candle at the upper end of the channel.
If it opens/crosses < 2054, it'll be an opportunity to sell it for a swing trade.
Rejection candle is identified by the long wick on the upside. Bulls tried to push the price above the resistance but bears won ultimately.