SUNPHARMA
Sunpharma needs a momentum boosterSunpharma has to buck up momentum here. The advances are forming narrow candles, RSI is not quite pulling up, if the momentum fails to pick up in a session or two then this whole move up may be a corrective and a fresh sell off may be witnessed. Bearish view may be negated above 415 closing basis.
Sunpharma sell sell sell!!!Currently wandering in key resistance area
Bearish engulfing candle stick
Bearish Shark pattern completed
Black box is probable reverse zone
Price rejection indicated by candle pattern
Short
Currently at channel support so could wait for sometime for better entry ,don't jump into trade ,still support is not strong enough...
Sunpharma trading in channel and Updation of last idea Supnpharma trading in bullish channel
fresh buying above 443 for 454,460
Bears will be in control after 410 for 400,380
Sunpharma hovering near 50 SMA ,if manage to stay above 50 SMA then bulls will be inn control
200 SMA at 405 last line of support
Double Bottom Reversal The stock has nicely formed the double bottom reversal pattern so one can expect that the long term downtrend has been reversed for time being. It has retested the neckline yesterday and bounced from that level. One can buy the stock now with the SL of low of today and continue with the trade for the target of 472. It offers a good Risk to Reward ratio of 3.50.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.






















