SUNPHARMA
Sun Pharma - Nice Mov Average Crossover tradeHi All ,
No Naked put/call buy/sell , We can't say if Nifty won't go below further , if it goes , It takes down everything.
Following is strategy:
Buy 630 Call @ 24 , 1 lot
Buy 630 Put @ 19 , 1 lot
Target shown on charts ,Let it go in any direction.
P.S : options are risky , consult your financial adviser before taking trade.
Sun Pharma cheap Drug at 630Hi All,
NO naked buy/sell of call /put options, no over leverage.
Following strategy :
Buy 640 call @ 16.5 , 1lot
Sell 660 call @ 10 , 1lot
Lot size is 1100 , Total risk is 1100 * 6.5 = 7k approx
Let it run , any close above 650 we will book profit , we will get out i.e stop loss would be EOD close below 600
Expected profit is 5-12 rs , Don't expect 5 lakh from one trade , No overleverage , no naked buy /sell
ps : consult your financial adviser , capital loss risk involved
Top 10 Pharma Stocks in Revival ProcessAfter Three years of dull phase, Pharma sector is showing the signs of revival with top10 pharma stocks as a very interesting and important levels of breakout/Reversal
AJANTA Pharma--> Falling Wedge
LUPIN--> Head n Shoulder
GLENMARK--> Neckline
MARKSONS PHARMA-->
CIPLA--> Up channel
AUROPHARMA--> Neckline
DIVIS--> Cup
BOICON--> Range
Torrent Pharma --> Neck
SUNPHARMA --> Neckline
SunPharma Flag Breakout + Potention Inv H&SSunPharma has given a strong breakout from a flag pattern with high volume.
However buying was to be done after confirmation, being a day late and seeing a doji on daily charts, I'll wait to see the price action for Monday and take a call, either buy on retracement or if setup looks bullish on lower time frame than buy. Upside could be 700+ however +3 SD can pose as a resistance.






















