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SUNPHARMA

Simple Trade Setup | Trade Setup | 30-08-2021NSE:SUNPHARMA Observation 1) On 1hr time frame it is making pole and flag pattern and trading in to the flag channel. It have critical support zone of 750-752 level. Please refer below chart: 1 hr time frame: ------------------------------------------------ Trade Setup for Date 27-08-2021: 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 tomorrow. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:SUNPHARMA
by Trading_hawk
1
REVIEW | SUN PHARMA| 13-08-2021 | ORB STRATEGY NSE:SUNPHARMA I had provided a trade setup of SUN PHARMA for 12-08-2021. But trade was never get activated as it didn't came to level as per our trade setup. I have provide the link of that trade setup in the link at the end of this. So if you keep just the levels from that trade setup even on 13-08-2021 then How you could have made trade in SunPharma on 13-08-2021. On 13-08-2021 it was time to use ORB Strategy . . What is ORB Strategy? In layman's term: If the opening candle make a range with both side wick rejection and a medium body and after that the stock trades between that range then we will just wait until it breaks on either side of that range to take the buy or sell trade. -------------------------------- Now here in SUNPHARMA , the opening 15min candle made high 779.70 and low of 767.75 and then it was trading between this range. To take the trade, we need to wait till that either side of level gets break. In this case it broke higher level of 779.70 and also as per earlier trade setup 780 was our entry level for buy trade so on the candle of 10:50 using 5min time frame we found breakout of it. And it gave us easy target of 786 as per earlier trade setup. Link is provided below for the earlier trade setup for Sun Pharma. If the opening candle's low was broken down then it will be the sell trade and the target will be as per our earlier trade setup for sell side. Hope I make it easy and simple to understand ORB. Do comment your suggestion or doubt.
NSE:SUNPHARMAEducation
by Trading_hawk
Sun Pharma- Broke Major Resistance | Positional IdeaHighlights: 1. Broke out of a major resistance 2. High volume on Breakout 3. Bullish market structure You are always advised to use an appropriate Risk-Reward ratio as per your strategy. About the Company: Sun Pharmaceutical Inds. Ltd is an international specialty pharma company. The company also makes active pharmaceutical ingredients. In branded markets, their products are prescribed in chronic therapy areas like cardiology, psychiatry, neurology, gastroenterology, diabetology, and respiratory. The company is engaged in the manufacturing of products in the following therapy areas: CNS disorders, Cardiology, Diabetes, and Metabolic disorders, Gastroenterology, Ophthalmology, Oncology, Pain, Allergy, Asthma, and Inflammation, and Gynecological. Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
NSE:SUNPHARMA
by johntradingwick
1
Sun Pharma Adv - Broke Major Resistance | Positional IdeaHighlights: 1. Broke out of a major resistance 2. Volume expansion 3. Bullish market structure You are always advised to use an appropriate Risk-Reward ratio as per your strategy. About the Company: Sun Pharma Advanced Research Company Ltd is engaged in pharmaceutical research and development.The product range of the company includes: NCE Projects- Under this the company is currently working in therapeutic areas namely anti-allergy, soft steroid, anticonvulsant and muscle relaxant.NDDS Projects- Under this the company is working on delivery system based platforms such as biodegradable implant, nanoemulsion, dry powder inhalation technology, wrap matrix controlled release systems and gastro retentive system for controlled release. The company is focused on innovating drug delivery technologies requires for treatment of cancers and psychiatric ailments. Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
NSE:SPARC
by johntradingwick