SunPharma Analysis | Sun Pharma Analysis | weekly view 20 april
Where you will invest for future returns?
FD / Mutual Fund / LIC Bond
Wow Descending Triangle formed.
Now we have to wait for breakout either side "15 min preference" should sustain first.
Condition 1: We will only look for Buying once 931 taken out reason being two levels will crossed (Price Action & Triangle).
Initial Target (IT) : 938.
Exit Target or starts trailing from here : 942.
Condition 2: Sell activates once 919 taken out & sustain.
Initial Target (IT) : 912
Exit Target or starts trailing from here : 907.45.
Note : Patience is the only key for success.
SUNPHARMA
Simple Trade Setup | SUN PHARMA | 01-04-2022 [INTRADAY]NSE:SUNPHARMA
Observations:
1) 15min chart for reference.
Please refer below chart : 15min Time Frame.
2) Same chart on 1 day time frame.
Please refer below chart : 1day Time Frame.
-------------------------------------
Trade Setup for 01-04-2022
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 Pharma: -Starring at the Sun 🌞 Imp. Sup, Resi & TargetSun Pharma
Important levels as per Technical Analysis
- stock is consolidating near previous top
- potential 20 day and 50 day EMA support at 883 / 861
- probable trendline resistance near 936-942
- above line of resistance, doors open up for a breakout trade potential & target of 996 / 1018
Plan your trade accordingly
Take care & safe trading...!!!
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
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.






















