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SUNPHARMA

Inverted Head and Shoulder ReversalThe stock was in downtrend and making lower low since last 2 years. It is showing sign of reversal now and formed classical inverted Head and Shoulder pattern. It has broken the neckline significantly and also short term trend line. One can conclude that that it wants to go up now. Recent budget reaction provides an opportunity to accumulate the stock for investment. Short term traders can also trade the pattern on seeing some strength. RSI came out of oversold zone and currently at 50 is also confirming the decision.
NSE:SUNPHARMALong
by praveen.bhatiya
4
Sun Pharma: Looking better Sun Pharma Last time when stock was at 482, we were not very confident for a big move past 505. The stock made a high of 509, came down till 466 and is now back at 483 levels. How ever this time the chart looks much better. After the stock made a low of 432 on 14-Aug-2017, the stock has now given higher top (490---499---509) :: higher bottom (432--459 --466) so far And if 460 /466 zone is held, the stock has every chance of making higher top breaking past the blue line (around 500 levels) & head higher towards 567 / 640 zone. Take care & safe trading...!!!
NSE:SUNPHARMALong
by indiamarketoutlook
SunPharma: Buying OpportunityType of Trade = Aggressive buy Why Aggressive? 1) CC' = YY' already complete (see labels on chart); 2) XAB to BCY' is a 61 bar cycle, which is also complete; 3) Stock reversing from the above two price and time levels. Why buy then? 1) The bat pattern will complete at around 574 PRZ; 2) There seems to be one more wave left which could take the stock as high as 564 to 574; 3) The 564 level is the CD=1.27AB complementary target for the pattern. The Trigger A bullish pattern on hourly chart near 530-533 level. Stop The preceding swing low (tight stop) or 520 (support stop) # If price breaches the 520 level without any buying setup then this trade will be negated. # If price runs higher from here, then I ll look for shorting opportunity in the PRZ. # This is not a trading/investment advice..just my setup. Do Hit like, comment and follow. Trade safe, be healthy. Regards Bravetotrade.
NSE:SUNPHARMALong
by Bravetotrade
Sun Pharma - Looks weak but strugglingNSE:SUNPHARMA is going through a down trend and once again near to the upper trend line. Stock has been struggling since a few days attempting to break the trend line but no avail. At the same tie the Friday crash off Nifty could not do much damage to the stock. Buy Sun Pharma above 535 with target of 575. Keep SL of 512 or 522 (above trend line) on closing basis At the same time on the down side I'll like to make a short below 508 for immediate target of 500. If triangle is broken from bottom then target of 468 / 435 / 400 and below. Short SL 515 (closing basis) or 525 strict SL
NSE:SUNPHARMA
by anuragcoma15
Will Sun-Rise Again?Hello Traders, In my previous post on SunPharma I presented a bearish view. It didn't go as per expectations but gave a bearish engulfing much later at 591. Those who shorted there must be sitting in profit at present. The stock has been observed to be bouncing inside an uptrend channel. I expect it would once again take support at 560-565 levels and bounce back to the upper trend line to hit 600-610 level. To trade watch for bullish setup (closing basis) at/near support area and go long; with a stop below the support area. Hit like/comment if you think this analysis can be useful. Trade safe. Best Regards Bravetotrade
NSE:SUNPHARMALong
by Bravetotrade
7