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SUNPHARMA

SUNPHARMA: Cup & Handle Formed bullish Peanut pattern in accumulation phase expresses the Fear phase at MAJOR SUPPLY 1H with results into breakout. Further retesting pull-back zone at yellow doted... but if you see observe bearish CUP & HANDLE zone have being leading to frequent breakout upto @648. . Points to be Note (Technical + Fundamental) 1. Nifty Pharma is in accumulation phase with rising wedge which lead SUNPHARMA in upcoming days. 2. Positive: sales has been decreased by 6% but reserves & surplus is increased fairly. 3. On june 2,2021 Sunpharma has overtake its Subsidairy Swiss drugmaker Ferring Pharmaceuticals for producing one of the main pharma product of Swizz under Sunpharma chain. Due to this company standalone profit will be increased. NSE:SUNPHARMA Let me know in comment what's your views?
NSE:SUNPHARMALong
by rajveerscolia