ShortSUNPHARMA
Short
Sun Pharma completing an irregular flat correctionSun Pharma may have completed what looks like wave C of an irregular flat correction on March 22nd. The high of 479.70 made on March 22nd is very close to the 1.272 extended level of 480.10 which is typical for an irregular flat correction.
The wave c looks like a diagonal triangle. If so we should see swift selling in this counter that may reach the Jan lows of around 370 by April end/ First Half of May. A break below 461 would further reinforce this view.
The pattern would stand negated if we cross 500. A tighter stop can be placed around 481 level for immediate short positions.
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SUNPHARMA, 30min Value area at bottom.Buying in deeper is not bad.
For equity 422-426 and is as per comfortable and I have given hints for targets.
Long
Intraday scalping call SUNPHARMA.Buy SUNPHARMA 448-449 and stoploss 446 for targets 456-462 and if cross 460 and stay with volume, then 478-500
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Sun Pharma Sell TradeSun Pharma in a downtrend. Looks good Sell for intraday. Sell Sun Pharma around 460.50 stop 464 Target Open.
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SUN PHARMA DAY TRADE FOR THE REMAINING 1.5 HOUR SESSION Levels mentioned on chart.
(This is only my opinion not financial advice)
Do not carry the position home. This is a day trade only, posting at 1.50pm will be available for viewing at 2.05Pm (Tradingview time)
Do not enter if price goes too far from the rec price. Improvise)
Long
Confused about where to invest at this stage of the cycle?Monthly chart CNXPHARMA
Price action: Blue arrows show higher top and bottom
Line studies: Price moving out of red downtrending channel
Averages: Support at 200 period EMA in June 2018 and Feb 2019
RSI: Bullish divergence + trending up NSE:CNXPHARMA
Comment: One can consider investing in pharma funds/Etfs with a systematic investment strategy for 5 years (Holding period 10 yrs)
By Animesh Vashisht, CFTe
(Disclosure: I hold personal investments in the sector.This is just an opinion not advice.Consult your financial advisor beforemaking investment decisions)
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SELL ON RISE || SUNPHARMAOne might sell Sunpharma on rise with SL of 476.8 and targets of 465.8/462.2.
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SunPharma is on the RUNWAY !!! LOL !!! Damn #Bullish !!!NSE:SUNPHARMA Too Much Fun !!! Bruwhhaaaa !!!
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SUNPHARMA || DETOX MODE!!!One may buy SunPharma with a SL of 420 and target of 470-475. A buy on dip is recommended. A converging MACD and a confirmation on RSI on the buy side indicates Sunpharma might move to fill the gap and move towards its 20 DSMA.
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Sun Pharma SunPharma Trades using Blue Sky Plus Indicator. Message or Comment to get a free trial of the indicator.https://www.tradingview.com/script/lqS4a5pU-Blue-Sky-Plus-Day-Positional-No-Repaint-with-Alerts/
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SUN PHARMA- INTRA DAY STRATEGY USING SWING POINTS!Marked swing Points, trend lines and Fibonacci level can be used for trading along with some momentum indicators.
Try to lookout for confluence of these parameters, don't trade solely using any one of these parameters.
P.S: This is not an investment advice. This is for learning purposes only. This is my personal journal.
Invest your capital at your own risk.
SUNPHARMA breaking barriers by proving itselfSome companies like SunPharma are like silent warriors. Their actions speak louder than what they mutter under their breath. Please check the chart and correct me if mistaken. Thanks.
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SUN PHARMA - SUPPORT & RESISTANCE AREA 16 FEB 2019I would greatly appreciate it if you kindly give me LIKE .
Education
SUNPHARMA - Fresh lows are comingSunpharma made a double bottom on weekly charts and looked strong for a large part of 2018 until the recent fall.
It broke below the crucial 430 levels and looking for new lower support zones.
Next support can be around 384 levels.
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Sunpharma long setup updateAs mentioned in my previous sunpharma idea, we were looking to long sunpharma but we waited for proper buy setup, my strategy is always to buy/sell at dip/rise making R:R favorable. Analysis mentioned above.
Thank you.
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