Sun 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....
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.
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...
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...
The stock is looking good to buy around 755 and can add more around 740-735 if we get these levels for 790-780 Target until the lower red line is intact.
To motivate me, Please like the idea If you agree with the analysis.
InvestPro India Team
Simple Trade Setup
Hope chart and levels are easy to understand.
Breaking of triangle in any side will give good movement. Safe trade level for buy and sell are already mentioned on it.
All the levels will work as support, resistance, entry and target w.r.t price action tomorrow near to that levels.
Do comment your doubt or suggestion....
1. rising wedge pattern price movement
2. inside flug pattern formeed and breakout
3. next supply/demand zone that target level
4. chance for health reatrcement may be expected coming day
5. historical trend also target zone same
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,...
It have broken the trendline with good volume and also our level of 689 and hit our target 1 placed at 695. It closed at 694.
Trade Setup for 26-07-2021.
1) If it goes down till level of 691 let it go don't try to short it. If it gets support from 691 and trade above it then it will be easy to go long and all the targets are mentioned on the...