ELLIOT WAVE ANALYSIS WAVE 1 (UPTREND WAVE )FROM 397.65 TO 560 WAVE 2 (CORRECTION WAVE) RETRACED ABOUT 61.8% FROM 560 TO 450 WAVE 3 ( UPTREND WAVE ) 495 TO 925 (2.618 EXTENSION) WAVE 4 (CORRECTION WAVE ) AS SHOWS IN CHART WAVE 5 ( LAST BULL WAVE) AS SHOWN IN CHART THESE ARE MY INDEPENDENT ANALYSIS . HOPE IT HELPS :)
sunpharma buy 599 nto 610 sl 566 target 620 640 670 one month period
This is just for educational & learning purposes and not a recommendation. This stock can touch 650/655 levels in short term. Before taking any positions please consult your financial advisor.
Seems bearish below 475 if sustains for 467/462. Regards
Sell if sustains below 581 for the targets of 573 and 560 until 589 is saved on the upside. Happy Trading! InvestPro India Team
Firstly profit booking pullback is over and looking like it will continue its uptrend !!!! also given macd buy in 15min along the trend + RSI above 60 bullish could be breackout i am assuming took 100 QTY at 593 stoploss 588 genrally my target would be 599 as 6 points target but there is also breckout so better to trail 2.5 points profit if it crosses...
Breakout failure with good R:R Entry:586 SL:605
The stock has come out of the falling channel. Set to rise further in medium term. CMP: 590 Target: 700, 734, 800
#sunpharma Looks strong here, Strong Breakout from the current TL and next resistances shown on chart as targets
FORMING DOWNTREND price action in 5 min time frame : with 1 : 2 RR minimum
SUNPHARMA is forming a triangle pattern in 30M timeframe. It could a good trade intraday as well as positional. Although in triangle pattern the price tends to give both breakouts and breakdowns. But in this case SUNPHARMA is creating lower lows which means the stock is in a bullish mode. We can trade both breakouts and breakdowns in intraday when price crosses...
My view on sun pharma with Fibonacci retracement, It retracted up to 0.3 and will go up to 635. ENTRY:- 570 STOP LOSS:= 550 TARGET:= 630
Above 565 Entry above 52 week high support at 468-433 good volumes in last few sessions above all important moving average
trend trade is riskier as we enter in a stock which has shown the move and we expect it to do even better thus with a stop given selected the trade
Natco pharm gave breakout from triangle pattern on 07 Dec 2012 A good buy above 995 is recommended wsl 950 for the first target of 1051 Keep trailing SL if starts coming in our direction
SUNPHARMA Broke out from daily resistance level