SUN PHARMACEUTICALFUNDAMENTALLY it's a good stock to hold for the long term, But it's not the right time to BUY because based on P/E 61.81 (Below 24 is safe) it's highly expensive.
Technically it's BULLISH since it SUPPORT from 563 LEVEL.
30th March 2020 This UPTREND is continued.
on 12th FEB 2021 Rejected from 654 LEVEL become RESISTANCE LEVEL.
654 RESISTANCE STOP LOSS for SHORT SELL
563 SUPPORT 1
552 SUPPORT 2
Sunpharmaanalysis
#sunpharma #nifty50 #nifty #banknifty #niftybank #niftypharmaNSE:SUNPHARMA
long only if find perfect reversal from PRZ
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
SunPharma Long Swing TradeSunpharma is looking fantastic on Daily and Weekly TF. this trade alone can make 94,000 (66x1400) with a single lot of Future with a risk of 30,000/lot . At the end of the trade you'd have made 50% ROI in just a month or 2 if you even have 2lakh Rs. account. Do take it seriously.
sunpharma +Month frame = magic of patience I am biased may be so take positions according to own study
on month frame
stock now formed a base at 440/480 area
this will be acting as ROCK SUPPORT in any big fall if comes
the stock seems amazing now on higher frames and is good to get in area
540 to 580 for expected target 640/665 (time required could be upto march ..
above 685 the stock likely to give moves upto 850 (this is my personal feeling that could be due to results ) , am a buyer as long as stock is above 520 level (trading wise sl)
Sunpharma ShortI hope you can now see how Sunpharma represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Thank You
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
SUNPHARMA Long Term buy Trade;
Upward Impulse complete and now correction is forming;
Wave A of the downward Impulse is complete and Wave B is a Upward Flat Correction where Wave A and B are complete and now Wave C which is
5 Wave Upward Impulse is forming;
We need to wait for the Price to come in the Demand properly;
Provided the path of the Price
SUNPHARMA Long I hope you can now see how Sunpharma represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
SUN PHARMA - Bullish Engulfing Candle, 31Aug Engulfing - Bullish ( Marked as "BE" on the chart ) - Time Frame for the chart is 30 Mins
Engulfing Bullish is a reversal pattern usually found at the end of a given downward trend, it consists of two candles. To distinguish the first day, this candlestick pattern uses a small body, followed by a day where the candle body fully overtakes the body from the day before, and closes in the trend’s opposite direction. Although similar to the outside reversal chart pattern, it is not essential for this pattern to completely overtake the range (high to low), rather only the open and the close.
Volume is supporting the trend, targets on the charts may be achieved.