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.
Sunpharma#sunpharma... Either it can rise from here 507 or it can retrace up to 500 levels and then start up journey as shown in chart.
View will be negated below 500.
#suntv moving towards the SunHolding current level might push to the levels mentioned above.
Regards
Sun Pharma had taken support at 100SMA, good up move expectedSun Pharma had taken support at 100SMA in daily charts. Usually stocks taking support at 100SMA shows good momentum in upmove. Retracement offers low risk entry levels.
Sunpharma Pharma @ resistance zoneSunpharma @ 518-522 may face resistance . keep eyes for any either side good trending move
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
SunPharma BullishLong at 520.20
sl 511
tgt 540 and plus
#Long #Bullish #Sunpharma #deeppockets #trend
Sun Pharma- Inverted H&SSun pharma has formed inverted H&S in hourly chart. Can continue the uptrend in intraday if breaks neckline at 518.5 with good volumes.
Targets: 525, 530
SUNPHARMAI AM IN SHORT POSITION LETS SEE DO I GET TARGET OR NOT ....
ONLY FOR EDUCATION PURPOSES.....
SUNPHARMA REVESAL - VSA + VOLUME PROFILE [SWING TRADE]SHORT SUNPHARMA AT POC - 512.4
SL - EXIT IF DAY'S CLOSE ABOVE 526
Stock Analysis of Sun PharmaPrice - ₹510.15 Dt. - 09-11-2020
Support level is placed at ₹501.75 and resistance level at ₹545.70 and then ₹560. Pharma stock is in momentum so it can give return of more than 6% in few trading session. If opens in green then it will be buy signal or if it bounces back from support line than also it will be a buy call.
SUN PHARMA - IN ACCUMULATION AFTER BREAKOUTSUN PHARMA - STRONG SUPPORT AT 490 AREA
CAN ENTER AT 405 LEVELS FOR FURTHER UPSIDE
SUNPHARMA - TRADE OUTSIDE THE RANGESUN PHARMA - CONSOLIDATING IN A RANGE
TOO MUCH OF ANOMALY IS SEEN
TRADE WITH BREAKOUT AND PULBACK OUTSIDE THE RANGE
look for intraday buying opportunities (pjb2 strategy )1. trend is bullish
2. looking for intraday buys managing risk
3. always use stops
