BUY SUNPHARMASunpharma has given the breakout and looking good to buy in 855-850 range for upper marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
SUNPHARMA
Sun Pharma ready for breakoutExpecting breakout in next few days as per my analysis.
For educational purposes only. Not recommendation.
LOOKING GOOD FOR SWING TRADING SUNPHARMA looking good or swing trading. took support from major trendline and break and retest the minor trendline.
only for study purpose .
use your own analysis .
Simple Trade Setup | SUNPHARMA | 27-12-2021 [INTRADAY]NSE:SUNPHARMA
Trade Setup for Date: 27-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
SUNPHARMA long opportunityNSE:SUNPHARMA
Hello all!
Sunpharma has been trading in a channel since March 2020. It's now at its lower trendline and has broken trendline 1 as well. This generates an opportunity to go long!
The stock is also supported by 50 day EMA which further strengthens the conviction.
Sunpharma Channel breakoutSunpharma breakout of a channel pattern Swing traders can plan a trade in this with proper risk management.
Simple Trade Setup | SUNPHARMA | 22-12-2021 [INTRADAY]NSE:SUNPHARMA
Trade Setup for Date: 22-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | SUNPHARMA | 20-12-2021 [INTRADAY]NSE:SUNPHARMA
Observations:
1) On 1day time frame, it is trading below 100DMA but it took support from 21DMA.
Since short term average is below the long term averange, it is a sign of bearish.
But if it managed to trade above 100DMA then it will be again a buy trade.
21DMA is placed at 763.35 level and 100DMA is placed at 783.82.
We can see that level range of 760 is immediate suppport and level range of 785 is immediate resistace.
Please refer below chart : 1day Time Frame.
2) On 1 day time frame, we can see that it is trading at the bottom trendline of the parallel channel. If it maintain to keep the support from this trendline then we can see an upmove till middle trendline of parallel channel.
On breakdown of this bottom trendline it will be bearish.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 20-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
SUN PHARMACEUTICAL DAILY CHART ANALYSIS AS ON 15.12.2021SUN PHARMACEUTICALS as on daily chart analysis is in a brief consolidation zone and stock above 780 level for a target 790 level.
SUN PHARMA WILL GO UP Currently it is moving in channel, if it sustains above the Upper trend line then it can be considered for going long.
Sunpharma 8th December predictionSunpharma 8th December prediction on the basis of Technical analysis and price action.
This post is only for educational purpose.
NSE:SUNPHARMA
Sunpharma important levels for long term investmentSunpharma important levels for long term investment
Level 1 = 670
Level 2 = 480
Level 3 = 350
Intraday trade: watch for support breakdownshort below 748 in Intraday
For stoploss in Intraday use 5 minute chart and see nearest resistance.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapdown or bd before 9:20
If gapdown is more than 1% from bd level than avoid completely.
if less than 1% or gives bd before 9:20 than wait for
first 5 minute candle and entry below 5 minute candle
and revised SL above candle high.
SUNPHARMA 1DThis stock made higher high and higher low.
It broke the channel pattern.
if it breaks the previous higher low ,it goes down SHORT.
Price goes from 760 to 707.
SunPharmaAll details are on chart.
2 Posibilities of Long.
Most likely first will work out.
new buy opportunity at every stage.
SUNPHARMA - Channel pattern - GOOD RR setupSun pharma took good support over TL of Channel pattern. Swing traders can plan trade with SL below the TL and target for upper TL.
Sun pharma Head & Shoulder pattern CMP @ 805Perfect head & shoulder pattern in sunpharma like we seen in books....CMP 805....
Simple Trade Setup | SUN PHARMA | 01-11-2021 [ INTRADAY]NSE:SUNPHARMA
Observations:
1) On daily time frame, it just closed at 50DMA.
50DMA is placed at 795.19 level.
Please refer below chart : 1day Time Frame.
2) Also on daily time frame, as we already know it has been trading in up trend parallel channel.
And it took support from middle trendline of parallel channel.
Please refer below chart : 1day Time Frame.
3) On 1hr time frame, we can see head and shoulder pattern. Necl line is 795-800 level range.
Scenario -1 If it opens above this neckline and goes down then gets support from this neckline then it will be buy trade.
Scenario -2 If it opens below this neckline and goes up then faces resistance from this neckline then it will be short trade.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date 01-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
