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SUNPHARMA

DARK HORSE * After a long consolidation in Pharma sector now this sector IS finally wake up and Most underperforming stocks is Sun Pharma . * In Technical Price action analysis this stock after a long consolidation now ready for breakout the level is 660.0 . *Closing above 660.00 i am super bullish in this stock and i am also try to pre-attempt this breakout with small qty and with proper risk and money management . * Technical Evidences - 06 years Long term trendline breakout and also made rounding bottom chart pattern . This my view in this stock for educational Purpose only. Kindly Let us Know if you have any Question .
NSE:SUNPHARMALong
by PrasantaP
6
Sunpharma ready for recovery. 1. Structure is still LH-LL on Daily TF. Descending channel formation. 2. Today pharma sector has shown good momentum all major stocks participated but SUNPHARMA was lagging. It should show good up move tomorrow if pharma sector continues up move. 3. Today price closed near 50 DMA with a hammer pattern. It can break it. 4. INTRADAY - If price moves above 600 then up trend till 610. 6. SWING TRADE - Start buying stock at 590-600 for the target of 645-55. 7. V shape recovery has been seen in past. For ex: 12th Jan to 3rd Feb. 8. Volume has decreased since 3rd Feb with price falling. This looks like accumulation phase which can breakout near 605-610. 9. Pharma sector can also show good up side momentum ones it crosses 12350. Support line - Green Resistance line - Red Trend Line - White VWAP Line - Yellow 50 DMA Line - Thin MV line. 200 DMA Line - Thick MV line.
NSE:SUNPHARMALong
by virajmokadam