Strong 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...
Double Bottom Breakout above 526
Bullish Bias
The Stock fell suddenly from 560 levels
Opportunity to grab it at CMP
Target 1 - 526
Target 2 - 542
Safe players can take entry at 526
Stop loss 505 for Target 1 and Trail SL for Target 2
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...
Sun Pharma Ascending Triangle BO will happen above 510.
Stock is trying to break this level 5th time.
Huge call writing at 500 , Shorters will cover
if 510 is sustained which may take stock further to 540
5 years trendline break out after good consolidation.
Adx and DI indicate bullishness
Buy 50 % here and rest buy 50% @510-520 if corrected.
Target for short term 610-670-700
Long term target 1200
Sun pharma looks bullish above 500...
1st target - 550
2nd target 600
3rd target - 660
Note : This analysis only for education purpose.
Please comment if any views differs and correct me if anything wrong.
