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SUNPHARMA

Sun Pharma - Golden Crossover is on the cards.Sun Pharma - the gap between 50 n 200 EMAs is less than three rupees, 0.7%, we know how significant is this. We can also see a trendline connection earlier tops, which may see a breakout as soon as on Monday (Jan 14th). Buying above 448, with a stop loss of 436, for immediate targets of 464. Traders using derivative tools, may use vertical bull spread, once it closes above 448. Options OI are not supporting a long position at this stage, but this can be evaluated again. I generally avoid suggesting trading using naked futures or options, strategies help in reducing risk but also empower positional traders to remain in a position for longer periods and grab bigger profits. You may send me a direct message for any clarification, and low risk strategies to trade for short term gains. Please consider liking this post, if you find it worthy, you may also "follow me" on this forum for periodic updates on indices and individual stocks.
NSE:SUNPHARMA
by ipuneet
5
DIVISLAB - Profit Booking or Shorting Opportunity ?Pharma counters have been under the scanner and this counter after its strong upward run since August 2019 to challenge its former highs formed in March 2019 around 1770 before it succumbed to the selling pressure that emerged at those zones. The sharp decline from these levels are now attracting steady selling interest that has dragged the prices lower. With the prices going once again below the median line we can observe a more pronounced sell off that can test 1600 levels in the next few days. The inability of the prices to reclaim the median line on Thursday indicates potential to head lower. With the ADX DMI setup clearly indicating that the bearish bias has set in , we could look at the potential to move lower in the next few days. One can consider selling at current levels or use rallies towards 1680-1685 stop above 1705 target 1600. Idea Sourced From NeoTrader trade.chartadvise.com
NSE:DIVISLABShort
by Raja_Chart_Advise
Sun Pharma: Little clarity awaitedLooks beautifully bearish in weekly making lower highs. It was at an important weekly level in last two weeks. The red candle rejected the level as well as 50 EMA, giving me a negative bias. On 8th, Trendline was mildly broken with a big engulfing candle and today, it was clearly broken, though with a green 50EMA rejection which a cause of concern. Let's wait for tomorrow to see a clear direction. We can look to short for intraday aggressively once 75 min or 15 min gives additional confirmations.
NSE:SUNPHARMAShort
by afzal_57