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.
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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,...
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...
NSE:SUNPHARMA
Observations:
1) On 1hr time frame we can see parallel channel uptrend.
Please refer below chart : 1hr Time Frame.
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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...
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....
Sun Pharma NSE:SUNPHARMA looks good for a short term swing trade. I have mentioned the targets and stoploss in the above chart. Trade with caution. Thanks. Happy Trading
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.
Happy Trading!
InvestPro India Team
NSE: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:
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Trade Setup for Date 27-08-2021:
1) Don't Jump in to trade at the beginning of the...
NSE:SUNPHARMA
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....
Updated Chart And Revised Target Of SUNPHARMA - Going To Test 900 Levels. Our entry is 690. 15% done in no time. Book Some, rest hold with TSl @ cost.
Here is the call shared on 19 Jul 2021.
SUNPHARMA
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
Highlights:
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,...
![SUNPHARMA: Simple Trade Setup | SUNPHARMA | 22-10-2021 [ INTRADAY ]](https://s3.tradingview.com/a/azIduMnL_mid.png "Simple Trade Setup | SUNPHARMA | 22-10-2021 [ INTRADAY ]")
![SUNPHARMA: Simple Trade Setup | SUNPHARMA | 19-10-2021 [ INTRADAY]](https://s3.tradingview.com/a/APp3FUrr_mid.png "Simple Trade Setup | SUNPHARMA | 19-10-2021 [ INTRADAY]")
![SUNPHARMA: Simple Trade Setup | SUNPHARMA | 11-10-2021 [INTRADAY]](https://s3.tradingview.com/o/OOi5qEEP_mid.png "Simple Trade Setup | SUNPHARMA | 11-10-2021 [INTRADAY]")
![SUNPHARMA: Simple Trade Setup | SUNPHARMA | 01-10-2021[ INTRADAY]](https://s3.tradingview.com/i/iws2RbsF_mid.png "Simple Trade Setup | SUNPHARMA | 01-10-2021[ INTRADAY]")
