SUNPHARMA
SUNPHARMA Long Term buy Trade;
Upward Impulse complete and now correction is forming;
Wave A of the downward Impulse is complete and Wave B is a Upward Flat Correction where Wave A and B are complete and now Wave C which is
5 Wave Upward Impulse is forming;
We need to wait for the Price to come in the Demand properly;
Provided the path of the Price
SUNPHARMA Long I hope you can now see how Sunpharma represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
INVESTMENT IDEA on SUNPHARMA | Rising Parallel ChannelStrong and HIGH PROBABILITY BUY SETUP on Sun Pharma. Currently in the best price zone to buy (510-500). Target: 562, 580
Time duration: HOLD for at least a month. Expected ROI 11-16%
The factors supporting our view are as follows:
1. Price is sitting just above the parallel channel's support trend line
2. Price is sitting just above an important psychological price level of 500
3. Price is sitting just above an important demand zone (495-505)
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Trading Experience: 2.5 YEARS
NOTE: The above mentioned view is our personal view. We are NOT SEBI registered. You are solely responsible for any losses that you might incur from our signals.
SUN PHARMA - Bullish Engulfing Candle, 31Aug Engulfing - Bullish ( Marked as "BE" on the chart ) - Time Frame for the chart is 30 Mins
Engulfing Bullish is a reversal pattern usually found at the end of a given downward trend, it consists of two candles. To distinguish the first day, this candlestick pattern uses a small body, followed by a day where the candle body fully overtakes the body from the day before, and closes in the trend’s opposite direction. Although similar to the outside reversal chart pattern, it is not essential for this pattern to completely overtake the range (high to low), rather only the open and the close.
Volume is supporting the trend, targets on the charts may be achieved.