As per harmonic pattern in Hourly timeframe is showing Bullish Gartley
trade idea is already shared with risk reward ratio of 1:2
Kindly enter in trade when any Bearish or reversal candle is seen at the entry price 👆🙏
best of luck
SUNPHARMA has formed a descending triangle and on a important support levels go short only if breaks the support levels and take the targets as marked on chart or as per your analysis. Comment down if you enter the trade and share your views on this.
The stock is looking good to buy around 755 and can add more around 740-735 if we get these levels for 790-780 Target until the lower red line is intact.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
NSE:SUNPHARMA
Observation
1) On 1hr time frame it is making pole and flag pattern and trading in to the flag channel.
It have critical support zone of 750-752 level.
Please refer below chart: 1 hr time frame:
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Trade Setup for Date 27-08-2021:
1) Don't Jump in to trade at the beginning of the...
#Watchlist
#Sunpharma:- Give a breakout at 785, Looks good for more upsides :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
NSE:SUNPHARMA
Simple Trade Setup
Hope chart and levels are easy to understand.
Breaking of triangle in any side will give good movement. Safe trade level for buy and sell are already mentioned on it.
All the levels will work as support, resistance, entry and target w.r.t price action tomorrow near to that levels.
Do comment your doubt or suggestion....
Trendline broken with decent volumes, initiate long
RSI trendline also broken
RSI at levels of 60
Hold for targets of 711, 737
Good support at levels of 660
Updated Chart And Revised Target Of SUNPHARMA - Going To Test 900 Levels. Our entry is 690. 15% done in no time. Book Some, rest hold with TSl @ cost.
Here is the call shared on 19 Jul 2021.
Sun pharma has given BO above 720 on weekly chart.
one can buy on decline near 740-720 levels, with support near 690 levels for target of Rs.850.
PS: consult your financial advisor before investing
SUNPHARMA
1. rising wedge pattern price movement
2. inside flug pattern formeed and breakout
3. next supply/demand zone that target level
4. chance for health reatrcement may be expected coming day
5. historical trend also target zone same
