as we can see after the 18th march the price took a suppport and went back to the resistance level of the channel so we can expect one more retracement after 18 jun 2021.
1. Price action 2. Symmetrical Triangle pattern show
on 15 min tf , sunpharma is forming a flag....these type of charts usually gives a good move on the upside but this can be also traded on the downside if the price breaks the trendline downside wait for retest keep a target of 0.8 or 1% of the stock......
Sunpharma Take entry only after the breakout (candle closing) Buy above 692.50 t1 695 t2 698 sl 688 sell below 687.50 t1 685 t2 680 sl 691.50
1. Price action 2. Head and Shoulder pattern
the levels did not trigger on Friday but we have better entries now. Broke the trendline on Friday retested and again trying to make a low. Lower lows are made and currently it is mahing a h&s pattern before a breakdown Good short below 700 and 690 will be a easy target. Book partial profits at 696 NSE:SUNPHARMA
Levels are on the chart extracted by range pattern. Feel free to ask questions or queries in the comment section. Trade Wisely and Smartly.
Levels are on the chart extracted by range pattern. If you have any doubt or query, feel free to ask in the comment section. Trade Wisely and Smartly.
NSE:SUNPHARMA As we discuss in previous chart analysis. Target Achieved.
Sun pharma forming very good base volume was picking up in uptrend and drying up in consolidation above 660 target-686-710 weak below 629 fundamentals Market Cap-- ₹ 154,373 Cr. ROCE-- 10.5 % ROE-- 9.06 % Promoter +institutional holdings-- 87%
* 04 years consolidation breakout with high volume . * Made a rounding bottom chart pattern . * This is updated chart of sunpharma . Attach the previous chart for referrence .