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SUNPHARMA

#sunpharmaceutical cup and handle weakly breakout positionl longThe stock on weekly chart had earlier broken out of a cup and handle pattern and consolidated post to that to further move up and now has a momentum reverse divergence which is bullish to take it further up if it works out to happen. However caution need to be maintained with tight stop loss since the ads trend strength has taken a bent on the top which may be indicating a reduced trending move.momentum is bullish on medium and long term but short term need catch up move and entry need be made only if u see daily momentum rsi > 60. Positional entries need consider breakout neckline as stop loss while swing trades should consider previous support levels for exit.
NSE:SUNPHARMALong
by seekedgetrade
Simple Trade Setup | SUN PHARMA | 26-10-2021 [ INTRADAY]NSE:SUNPHARMA Observations: let's take look at NIFTY PHARMA index. 1) On Daily time, we can see that it took good reverse from 200DMA and made dragon fly doji. As per the textbook knowledge, it should work as trend reversal. We might see good upmove in most of Pharma stock now. Please refer below chart : 1day Time Frame. ------------------------------------- Now let's look at SUN PHARMA. 1) On 1 Day time frame, today it made kind of Doji candle and also it took support from 50DMA range and closed above 810 level. Please refer below chart : 1day Time Frame. ------------------------------------- All the levels and most of the trade setup still remains the same as per previous. Trade Setup for Date 26-10-2021: 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.
NSE:SUNPHARMA
by Trading_hawk
Swing SetupEXPLANATION : This is a 4 hour time frame chart of SUNPHARMA . I am seeing very good selling opportunity in SUNPHARMA because of many reasons . It has a formation of head and shoulder pattern , still It has to be made right shoulder . If taken resistance from supply zone entry no.1 activated , If give a strong breakdown and broke its demand zone with volumes and has retested the same entry no.2 activated . I am bearish on this stock for the coming days . Enter as per your setup . If you like the analysis give a Like // Follow for more updates , let me know in comments below :)
NSE:SUNPHARMA
by pranav_nanavare
Simple Trade Setup | SUNPHARMA | 22-10-2021 [ INTRADAY ]NSE:SUNPHARMA Observations: 1) On 1 day time frame, it hold and closed above 21DMA. 21DMA is placed at 811.67 level range. Level range from 810-812 will work as good support now. Breakdown of it will lead it to down move. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date 22-10-2021: 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.
NSE:SUNPHARMA
by Trading_hawk
Simple Trade Setup | SUNPHARMA | 19-10-2021 [ INTRADAY]NSE:SUNPHARMA Trade Setup for Date 19-10-2021: Most of the levels will remains the same as per previous setup. 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.
NSE:SUNPHARMA
by Trading_hawk
Simple Trade Setup | SUNPHARMA | 11-10-2021 [INTRADAY]NSE:SUNPHARMA Trade Setup for Date 11-10-2021: 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.
NSE:SUNPHARMA
by Trading_hawk
1
#sunpharma weekly cup and handle breakoutWeekly cup and handle pattern breakout after a break consolidation seen on weekly timeframe Momentum and trend is bullish all timeframes. Neckline of breakout can be stop loss for positional and swing trades could have breakout candle on weekly For stop loss. sector is consolidating since 4 months and resisting a bit at the bull zones. and a weekly momentum bearish divergence could be seen And therefore it also make sense to wait for Pharma index to break above that resistance before an entry is made..
NSE:SUNPHARMALong
by seekedgetrade
Sun Pharma: Pole & Flag Chart set up & trade opportunity Sun Pharma - We observe Sun Pharma giving a steep rise in July month end (Pole formation) - thereafter the stock went in to consolidation phase (Flag formation) - Now the stock has come out from that consolidation phase - going forward, on the lower side 780- 760 may provide support If the stock manages to hold on to 780-760 zone for some time, then 930 / 944 could be a possibility by mid December. Any dips stock towards 785, could be an interesting proposition to go long in Cash market. ___________________________________________________________________________________________________________ - Looking at the Derivatives Data, prima facie, it looks like 840-865 zone may be difficult to cross in October month Now that we have understood important levels with the help of charts, F&O trading strategy that may be considered for October month: Iron Condor Sell 900 Call option Buy 930 Call Option Sell 750 Put option Buy 720 Put option The strategy would have max profit potential of approximately 12% on margin requirement till October expiry. Any close between 750-900 on 28 October 2021 would give the desired results. The strategy tries to focus on managing the risk and roughly provides protection for a fall up to 739.50 on the downside. On the upside, any close above 910.50 on 28 October, would not be favorable. One can Stay alert, if Sun Pharma closes below 760 or above 880. These levels should provide ample scope to exit with less damage / adjust trading strategy, in case view gets invalidated. Note: Unlike previous months where strategies worked smoothly, September month was a tough one with stock prices moving crazy. - Tata Steel although followed the red channel in charts to perfection and was a profitable strategy, it did test out mettle and made us sweat for 2 days - DLF - had to do adjustments with 2x margin Capital to eventually come out profitable - Zee Limited was a bad bad reading of data on my part, in fact a terrible one and it went bonkers. Managed to recover a few points but had to pay the price. If you think trading is an easy way to make easy money, welcome to reality check. - Focus on managing your risk and protecting your Capital. - Have provisions for exit strategy - Remember Survival is the key I would like to quote a friend of mine here .... "Bachenge toh Ladenge" (We can stay in market only if we survive) So Take care & safe trading...!!! The chart pattern has been identified by my student Harsha. If the idea works, you can thank him for the same. Do read the disclaimer carefully. Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:SUNPHARMA
by indiamarketoutlook
4
Simple Trade Setup | SUNPHARMA | 01-10-2021[ INTRADAY]NSE:SUNPHARMA Observations: 1) On 1hr time frame we can see parallel channel uptrend. Please refer below chart : 1hr Time Frame. ------------------------------------- Trade Setup for Date 01-10-2021: 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 respsective level considering how price action works near that level.
NSE:SUNPHARMA
by Trading_hawk
5
SUN PHARMASun pharma has given breakout with good intensity of volume, and recently pulled back in wave 2, now wave 3 circle is going on and within that, wave I and II are completed recently and wave III has started, all the key levels are mentioned on chart, one can go long at current levels or in dips ( if any ) with stoploss of 750 for targets of 900 - 925 levels. breakout with good intensity of volume wave structure could be like this macd in weekly positive crossover above zero line and uptick macd in daily positive crossover above zero line rsi in weekly bullish and uptick above 70 rsi in daily bullish and uptick above 60 dmi adx bullish ungali setup upper bollinger band challenged stochastic oscillator in daily is also positive and uptick Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing
NSE:SUNPHARMALong
by RK_Chaarts