long term buy chance on multi year bollinger chart it looks, Sunpharma is bottomed out and heading for highs for long term towards 800+.
SUNPHARMA
SUNPHARMA - RESISTANCE BREAKOUTIt is been observed that the price action breaks above the resistance levels, now it shall move to 700 levels.
Target 700
SL 680
SUNPHARMA FLAG BREAKOUT (TREND CONTINUATION TRADE)It is been observed that price action breaks out from the downward consolidation flag formation and now it shall further move up to resistance levels and once it breaks above the resistance level then it shall further continue and follow the prevailing uptrend.
Target 1: 685
Target 2: 700
Stoploss: 670
Channel breakout, Doji formationSun pharma moved out from its channel and now testing support. A perfect doji formation with decrease in selling volume . Based on Monday movement we can confirm the trend.
SUNPHARMA BUY SETUP (RISING THREE METHOD PATTERN)It is been observed on the daily chart that the price action firstly breaks above the downward trend line on daily chart indicating a strong bullish move. Then, it retraced back to the downward trend line with three candles hiding behind the big green candle. This is also indicative of the possible "Rising Three Method" formation. Overall, it is indicating a good buy setup at current levels.
Target1: 680
Target2: 700
Stoploss: 640
Trade shall be active once the price action goes above 662 levels.
Regards
Buy Sun Pharma on dip Sun Pharma has made channel breakout and may set the trend reversal, traders may enter long on slight dip around 653-655, it may again retest the support which seems to be good buying zone and very small SL.
Sun Pharma - Decisive levelSun Pharma is now at a multi-year horizontal - SR level .
You can see the levels go back upto 2013 which make them important.
Fellow traders are suggested to trade as they decipher this chart in their own way .
Cheers !!
it can be on breakout side?as per feb retrenchment it should close above 652 for fresh upside breakout. let see where it can go with current market conditions.
Ascending Triangle breakout and confirmation Intraday!There is an Ascending Triangle breakout after that a retest from above confirming that buyers are there at this level so it may continue it's move up. One can buy at this level with Stop Loss of 628. Good Luck
Long Sun Pharma approaching channel resistanceSun Pharma has been trading in down trend in a channel respecting support and resistance it has already touched the channel support and approaching the channel resistance around 650 in near term, traders may enter long in sun pharma slightly lower price as it may again retest 600 the support before going up.
SUNPHARMA LOOKS BULLISH ON DAILY CHARTSImpulse moves during downtrend completed on daily charts. Now ready for counter-trend corrective move.
Target 1: 670
Target 2: 725
Stoploss: 601
ABCD Diamond formation on Sun Pharma - LONGABCD Diamond formation on Sun Pharma and RSI oversold at 1 hr.
Trade:
Buy above - 635
Target 1 - 643
Target 2 - 650
Stop Loss - 625
Reward Points - 15
Risk Points - 10
Sun Pharma approaching channel resistance target 705Sun Pharma has been trading in down trend and trading in channel except some false breakouts due to market uncertainty. It has been approaching the channel resistance with a target of somewhere between 705-710. traders may go long in sun pharma at CMP for target 705 in near term.
Cup formation on Sunpharma - LongCup formation on Sunpharma at 1hr chart.
Trade:
Buy above - 677
Target - 685
Stop Loss - 672
Reward Points - 8
Risk Points - 5
Sunpharma - LongBreakout the resistance level on daily chart.
Trade
Buy above - 724
Target - 732
SL - 718
Sun Pharma to continue downtrendSun Pharma has been trading in down trend and trading in bearish channel respecting support and resistance although it fell sharply by making false break and again entered into the channel. It closed today on the edge of channel resistance but unable to make breakout, traders may wait to see the breakout and enter accordingly, if breakout occurs go long and if not go short with a target of somewhere between 650-635.
Ascending Triangle on Sun Pharma - LongAscending Triangle formation on Sun Pharma and showing bullish trend.
Trade
Buy abv 710
Target - 720
Stop loss - 703
SUN PHARMA "5th wave in a C-wave correction" :- very nice and convincing price action
:- stoploss-720
:-target 1-520-500 range
;-target 2-420-400( which seems less convincing)
Sun Pharma - Long around 620-625* Channel Support
* Bullish Harmonic
* Oversold RSI
*View negates on a close below 600
Sun Pharma: Signs of Bottoming-OutThe stock has bounced off monthly support. Have a look at the 15-minute chart here. A breakout past the cloud would be a bullish sign and would strengthen the case for a rally to 700+
Support comes in at 650
Sun Pharma: Will The Monthly Support Hold?Price has reached an important support level in the monthly chart. Am watching if this level would arrest the recent fall. I would ideally prefer a "Hammer" kind of a candle this month and a breakout above upper magenta line. A combination of these two would give me the confidence to buy this stock.
Until then, it makes sense to watch this one :)
Sun Pharma buying opportunity on the way Sun Pharma touching its long term support and forming a falling wedge, there may be a good buying opportunity at around 710.00, after touching 710.00 may change trend in upward direction. Risky Trader may go long in sun pharma at CMP, conservative or investors enter above 750.00.
Sunpharma - Breakout Descending Triangle (Big Buy) It is been observed that the price action breaks out from a descending triangle on hourly chart, indicating further bullishness and positiveness ahead. It is been consolidating for a while and this break out shall boost the movement towards the next resistance level at around 780 levels. Consider it a good buying opportunity.
Target: 782
Stoploss:745
