SUNPHARMA
Sunpharma ... At the edgeAfter a big volume bearish day, the stock managed to post a positive candle from support zone and close above the cloud. the big question is when will it break out. This stock is struggling to cross 512 and building a base with higher lows and flattish top ... need to see some action soon .... hopefully on the bullish side.
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SUNPHARMABreakout out on the note of a very high volume though wick is visible range of the candle is wide and the volumes are stronger. Also the relative strength is sloping upwards.
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Sunpharma BreakoutWait for this to break and sustain in one hour chart, then we can see a good upside.
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Test of Patience... Consolidation stage Over... Now Breakout ??Sunpharma looking very good. Today it has given a closing above a psychological whole number level and increasing volume suggests, this could breakout.
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Sunpharma : Best Bullish pattern Sunpharma is at crossroads and the view is it will cross 510 lvls within next few weeks and once it breaches 510 lvls it would be breaking out of multiple resistance lvls.
MACD is clearly showing abc bullish pattern where "C" wave part is about to begin on upside after breaking out.
Watchout Stock for August Expiry : Long SunPharma & Short Dabur
Long at CMP(485) or above 510 with sl at 465
Trail with 50EMA on Daily Charts if it breaks above 510
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Emerging Trade Set Up SunpharmaHey Guy's here in Sunpharma refer the Daily chart updated and the breakout above 510-515 levels can lead Sunpharma to the levels of 558 first and then 616. This is highly opportunistic trade setup.
Please note the chart updated is only for educational purpose
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SUN PHARMACEUTICAL SUN PHARMACEUTICAL
Sun pharma has been getting rejections from 505-510 level many times
1.if the stock is able to give the closing above this level then it may touch
540-550 easily
2. Look at the volumes it has been rising from last 1 week, again a sign of bullishness
If you want me to do such detailed analysis, please comment on the same and like it
should you need any further information please comment I shall revert back to you soon
Thanks and regards
Long
Synergistic Pattern: Advance (W+Flag) + Triangle + Trend-lineLevels are mentioned on chart for Swing trading.
Please check the description section for early entry level in given stock to get better Risk to Reward ratio.
Kindly like & share this pattern. Comment with what do you think.
Follow me @ tradingview for more updates!!!
Early entry: 505
SL: 577/610
Target: 487
RR: 3.5/5.0
Thank you. Happy Trading!!!
Best Regards,
Dr. Shamraja Nadar,
PhD in Technology.
Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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#SUNPHARMA ... probably the most sluggish of all pharma names!It will be interesting to see if the relative underperformance of Sun in the pharma pack will result in some sharp up moves going forward. The horizontal cluster zones will be important to watch.
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SUNPHARMA FORMING CUP HANDLE, LOOKING GOOD ABOVE 504SUNPHARMA FORMING CUP HANDLE, LOOKING GOOD ABOVE 504.
Note - These are not buy or sell recommendation. Kindly do your own analysis before investing your money into any kind of financial instrument.
Long
Sun Pharma Long at 493Sun Pharma seems to have broken out of consolidation mode with between 510 and 470. Volume and good supply at 475 seems to have sustained.
Go Long with stl at 475 with target at 520.
Disclaimer:
I am new and learning.
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