Long in between 400 to 360 for target of 600 with SL 350.
On monthly chart it is clear that 350 (200 moving Average monthly) is very strong support, breaking of it means fundamentally wrong with Company.
On Fibbo level @78% is last level for support. It seems that it may take time to reverse. Therefore for long horizon it is good accumulation with SL below 350.
Hidden divergence can be a good indication of trend continuation.
Hidden bullish divergence takes place when the price is making a higher low . But the oscillator is showing a lower low
In an uptrend hidden divergence happens when price makes a higher low but the oscillator makes a lower low.
I had entered the stock @ 407 by looking @ the hidden...
SUNPHARMA will release its report tomorrow where analysts expect a slight drop in revenue. In charts, it's making an ascending triangle in smaller timeframes but a huge Inverse Cup and Handle pattern which indicates huge downtrend so the price will continue moving down to 340 before making a big jump for a bull run towards 700. Long term Investors may choose to...