SUNPHARMA
SUN Pharma Getting Ready for New RallySun Pharma is forming double Bottom on Daily Charts & Getting Ready for New Rally... Downside is Limited & upside potentials very High.
Good Stock for Investment at current Levels for coming few months ROI can be 20-3% in 5-6 Months.
SUNPHARMAi guys, In this chart i Drew My Best Levels in SUNPHARMA for Long position using 4H Time frames.... I found a good level here. I Observed these Levels based on price action and Demand & Supply which is My Own Concept Called "PENDAM ZONES" ... Don't Take any trades based on this chart/Post...because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank Q
Head and Shoulder in Sun Pharma (09/05/23)Perfect Head and shoulder break down can be there in the Sun Pharma stock. It is trading around the neck line.
Sun Pharma is in the sell zone, as the market has retest the recent 50% fib levels.
This stock never fails to respect the fibonacci levels.
It has been consolidating and on the daily charts it has formed a gravestone doji. Stock is near it 200 DMA and if it breaks down below the zone the moving average will also be passed.
Stop loss and target levels are provided in the chart itself.
Wait for the price action near the price levels before entering the markets.
SUNPHARMA - Pullback in long term uptrend now complete
Consolidation below highs over. Turning back on the daily charts as well as weekly charts
Bull trend on weekly charts started in 2020 - and the past 2 months were a longer term pull back in this bull trend
Stop Loss - 950 which is the median of the level at which consolidation started
Price Target - 1050 which was the previous high
Low Risk / Higher Probability Trade - Sell 1000 - 950 put spread and collect theta. IV at 24% is decently high for this stock
Higher Risk Trade - Buy 1000 - 1050 call spreads and close them when the stock gets to 1030 or so
Disclaimer & imp rules
* These are merely ideas and not a recommendation to take a trade
* Trade small size & keep a wide stop loss (atleast 1.5 ATR). Dont fall into the trap of tight stop losses & big positions
* Be patient when in the trade - the stock doesnt know you or care about your feelings.
* Be ruthless with cutting trades that hit your stop
* Be patient & wait for trades to come to you. Do not chase stocks - that only ends in disaster
SunPharma: Breaking DawnTechnical Analysis :
Chart Type: Daily
Chart Pattern : Inverse Head and Shoulder
RSI : Above 50
Price is above 20 days MA and 200 day MA
Expected target : 990-1000
Sun Pharma Multi Year ChannelSun pharma is moving in multi year Channel, long at supporting trendline Nd short at resistance Trendline.
Sun Pharma update Following up on our earlier post for the scrip (link in related ideas and below....
The scrip is moving as per expectations.
However, we would like it to reach the upper resistance zone in a clean 5 wave structure.
Expected path marked...
Lets see how this develops...
Time for Sun to rise againPrice has been consolidating near polarity support.
RSI divergence is clearly visible on the charts.
crossing 980 would signal resumption of up trend.
Lets see how this develops.
Hope Sunpharama continue bullish moveHope Sunpharama continue bullish move.
Strong player in pharama sector, good for trading.
*Not for trade.
* for edu purpose only.
#SUNPHARMAShunted till 992 above 972
Shunted tlll 946 if enters 972
Crossing 980 confirms the upside trend till 993
SUNPHARMA TAKING GOOD SUPPORT SUNPHARMA taking good support at 200ema
ready for upmove
resistance at 985 after breaking 1000+ target
educational idea only
SUNPHARMA>1000?BUY - SUN PHARMACEUTICALS
CMP - Rs. 957
Target - 1: Rs. 1000
Target - 2: Rs. 1121
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Technicals - Navarro 200 Harmonic Pattern
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Comment: Stock is currently in consolidation.
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Follow me for more!
Nifty Pharma Near Make-or-Break Zone 11200-11400 Nifty Pharma Near Make-or-Break Zone 11200/11400
Nifty Pharma on Long Term Charts nearing make or break zone
Reversal from here will be good opportunity for long term traders / investors
SUNPHARMA FORMS CUP AND HANDLEIn daily TF trendline broken
at retest zone of breakout
Cup and Handle in 15min
Sunpharma Turned Very WeakSunpharma Cmp - 984.5
Sell On Any Rise B/w 993 - 1000
SL - 1018 ( Day Closing Basis )
Target - 965/970
Sun Pharma Swing TradeSun Pharma is near Support Zone on daily chart. It is Good Opportunity to take Swing Trade
Entry
We can go long on next candle open.
Target
We can keep target near the next resistance zone as marked on chart.
Stoploss
We can keep the stoploss below the support zone.
Please like and follow me.
Support BreakoutTechnical analysts use support and resistance levels to identify price points on a chart where the probabilities favor a pause or reversal of a prevailing trend.
Support occurs where a downtrend is expected to pause due to a concentration of demand.
Market psychology plays a major role as traders and investors remember the past and react to changing conditions to anticipate future market movement.
Script = Sunpharma
Time Frame = 1 Day
intradayboth side potential
no trading zone purple box
upside target 200ema , 2nd target horizontal line
downside 1000rs is a round figure or a psychology number
follow your risk management .
stoploss hit close your laptop
Shooting Star A shooting star occurs after an advance and indicates the price could start falling.
The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open.
Traders typically wait to see what the next candle (period) does following a shooting star . If the price declines during the next period they may sell or short.
If the price rises after a shooting star , the formation may have been a false signal or the candle is marking a potential resistance area around the price range of the candle.
Script = SunPharma
Time Frame = 1 Day
Sun Pharmaceutical Industries LimitedSUNPHARMA:- Rounding bottom pattern is formed wait for breakout, keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Sunpharma may go down till 975 SL 1035 timAs per Harmonic PRZ pattern, Sun Pharma may go down till 975 SL 1035
Sunpharma Breakdown Targetdouble top breakdown observed in sunpharma.
breakdown validated with volume.
Next support/target 950
