SUNPHARMA
Sunpharma (Neowave Forecast)NSE:SUNPHARMA
Hi Traders & Investors
In the last forecast we talked about pharma index is its last leg and we will see an positive structure from here. So here is the wave count of sunpharma to compare pharma index with it.
Pharma will be on buy on dips for now.
For more updates keep wathing us.
Thank You
Sun Pharma - Positional Trade Idea - Buy (Target 895)Scrip Name: Sun Pharma
Setup: 52 Week High / Breakout / Positional Trade in Uptrend
Entry zone - 750 - 830
Support zone 1 (750 - More positions can be added in this zone if your risk allows),
Support zone 2 - 650
Stoploss - Prices moving below 650 should wake us up
Note: Sun Pharma Promoters has a pledging of 6.36%. Any increase in this (beyond 10% should be a deal breaker)
Additionally in coming weeks expect markets to be more Volatile, meaning the corrections will also be sharp.
Enter in fresh trades only if your pocket allows to face deep cuts and drawdowns and add more positions.
Please trade and invest based on your risk profile.
Breakout in Sun Pharmaceutical...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Target 1 achieved in Sun Pharma. Gain of 16%. Target 2 is ON...This is follow-up on Sun Pharmaceutical. Can check link to related ideas.
Target 1 achieved. Gain of more than 16%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
YR 2022 Idea #5: Long on SUNPHARMA This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
TARGET (1) - ACHIEVED 12% @ SUN PHARMACEUTICALS INDUSTRIES LTDAnother Target Achieved - NSE:SUNPHARMA
Target (1) - 12% - Achieved
For Reference - Click on Below Link (Related Idea : Posted on Dec 26, 2021
Next Target (2) ----> 18%
Happy Trading ….. !!!
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