Sunpharma 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 investment Level 1 = 670 Level 2 = 480 Level 3 = 350
sun pharma chart analysis for intraday and swing trading
short 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...
This 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.
All details are on chart. 2 Posibilities of Long. Most likely first will work out. new buy opportunity at every stage.
Sun pharma took good support over TL of Channel pattern. Swing traders can plan trade with SL below the TL and target for upper TL.
Buy at 765 Average at 703 Stop loss 651 day candle close
Perfect head & shoulder pattern in sunpharma like we seen in books....CMP 805....
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...
THERE IS no if but for suynpharma short sell. you can see graph and do short and enjoy your profit as i give u ealier profit this is 100% no if but over n out
Sell Sun Pharma if it breaks the support line on the downside for the lower marked levels on the chart. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
sun pharma chart analysis for intraday and swing trading
The 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...
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. ...
EXPLANATION : 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...
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...
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,...