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SUNPHARMA

Stock analysis of Sun Pharma Price - 511.65 Dt. - 27-11-2020 Support level is placed at ₹501.75 and resistance level at ₹545.70 and then ₹560. On a daily chart, the stock made a shooting star pattern with more than an average volume indicating that stock can continue falling for a couple of days. RSI is neutral. We are witnessing the selling pressure in Nifty as well as in Nifty Pharma so we can see stock again coming near the support line. If stock bounces back from ₹501.75 than it will be the buy signal around 503-504 with the target of ₹545.70. SL - ₹494.
NSE:SUNPHARMALong
by mr-sky
SUNPHARMA FOR SWING TRADING, 1Hr patternAfter being in the Downward Channel for some time, SUNPHARMA gave a good volume breakout. After giving a breakout on the 1 hr time frame, it formed an inverse head and shoulders pattern. And today, i.e 17th November, it broke its neckline. Due to these factors, I am long on this stock. I have also given a target which I think would be met in this week. This stock is very good for Swing traders as it would give a very good targets in coming days. DISCLAIMER: This idea is my own idea and I have done my own analysis. Before investing please do your own analysis or ask your financial advisor. Thank You
NSE:SUNPHARMALong
by lahanuenterprises
Go Long @ Sun PharmaSunPharma has given a strong breakout from pole and flag pattern. Breakout is very strong. Crossed 200 DEMA yesterday. Wait for retracement to 505-510 levels and enter between 505-510 levels. Targets will be around 560/590 and SL will be 498. I know that SL is very tight. For trading breakouts, the next daily candle after our entry shall be green candle. In case it is false breakout we will exit with minimal loss. Quantity based on risk management. In my case my virtual capital is 500000 and 3% is max risk for trade. if i enter around 510 levels i vl buy 1 lot i.e 1400 shares so that the max loss will be 510-198=16500/-. Risk/Reward is pretty good around 3.8 Hope to see sunpharma @600 soon. Trade is active only if the entry level is reached.
NSE:SUNPHARMALong
by Swingtrader20192015