CNX pharma took support with a huge engulfing candle and now approaching the upper level of exploding triangle pattern so it is exciting to see how it reacts to these levels.
Highlights:
1. Broke out of a major resistance
2. High volume on Breakout
3. Bullish market structure
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
About the Company:
Sun Pharmaceutical Inds. Ltd is an international specialty pharma company. The company also makes active pharmaceutical ingredients. In branded markets,...
Highlights:
1. Broke out of a major resistance
2. Volume expansion
3. Bullish market structure
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
About the Company:
Sun Pharma Advanced Research Company Ltd is engaged in pharmaceutical research and development.The product range of the company includes: NCE Projects- Under this...
Sun Pharma has broken years long resistance.
We have seen good breakout with awesome volume, we can wait for retest for best entry.
Can see decent upside moves.
NIFTY 50 EOD ANALYSIS -30-07-21
IN SUMMARY
Open / High / Low / Close
15800.6 / 15862.8 / 15744.85 / 15763.05
Trading Range Low to High: 118 points
Likely Max Realistic Opportunity @ 50%: 59 points
India VIX: 12.8 / -1.16%
FII DII activities: -932 Crores
CHART BASED CONCLUSIONS
The opening candle on the 5 minutes chart was a shocker - almost 80 points and...
SUNPHARMA seen breaching resistance levels here at Rs.700. Stock in a continues uptrend and is now breaking the earlier resistance suggesting the uptrend to continue for some more time. Keep watch.
Basic observation:
a. Between 2020 and now Sun Pharma has grown 131%. The last time it showed such considerable growth was between 2013 and 2014 where it grew by 166%.
b. Post having a falling trendline for 59 months (-74.15%) it has been within a rising channel for over 16 months (108%).
c. RSI and KST currently showing positive signs
d. Prices have been...
Basic observation:
a. Between 2020 and now Sun Pharma has grown 131%. The last time it showed such considerable growth was between 2013 and 2014 where it grew by 166%.
b. Post having a falling trendline for 59 months (-74.15%) it has been within a rising channel for over 16 months (108%).
c. RSI and KST currently showing positive signs
d. Prices have been...
NSE:SUNPHARMA
It have broken the trendline with good volume and also our level of 689 and hit our target 1 placed at 695. It closed at 694.
Trade Setup for 26-07-2021.
1) If it goes down till level of 691 let it go don't try to short it. If it gets support from 691 and trade above it then it will be easy to go long and all the targets are mentioned on the...
