Possible breakout of trendline and retesting last highs.
I AM IN SHORT POSITION LETS SEE DO I GET TARGET OR NOT .... ONLY FOR EDUCATION PURPOSES.....
SHORT SUNPHARMA AT POC - 512.4 SL - EXIT IF DAY'S CLOSE ABOVE 526
Price - ₹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.
1. trend is bullish 2. looking for intraday buys managing risk 3. always use stops
SunPharma 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...
FOLLOW SHORT TERM ONLY
High chance of falling wedge breakout. Only buy when it’s breakout and trend reversal!
NSE:SUNPHARMA short below support only till PRZ levels if find reversal at PRZ levels on can long from der.
Sunpharma testing its long term support at 465. If 465 holds likely reversal with targets 545/595/631
483/481 was support zone for sunpharma, it coudn't break the support zone decesively and turned upward, sunpharma is showing good bullish momentum and has given breakout to the channel. We could see 502/516/522 levels. regards
For tomorrow we will look to Sell below 480 Target:466 SL: 484 RR: 1:3.5 Try to book half at 466 and trail the other half and keep riding till the end