the buy entry point is mentioned in the chart buy above only if it closes above it. targets 1,2 are given. stoploss can be placed below trendline. the ideas which iam giving here is meant for educational purpose.if you like my analysis like,share and follow me for daily intraday analysis.
as we can see after the 18th march the price took a suppport and went back to the resistance level of the channel so we can expect one more retracement after 18 jun 2021.
Sunpharma Take entry only after the breakout (candle closing) Buy above 692.50 t1 695 t2 698 sl 688 sell below 687.50 t1 685 t2 680 sl 691.50
the levels did not trigger on Friday but we have better entries now. Broke the trendline on Friday retested and again trying to make a low. Lower lows are made and currently it is mahing a h&s pattern before a breakdown Good short below 700 and 690 will be a easy target. Book partial profits at 696 NSE:SUNPHARMA
FUNDAMENTALLY 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...
Risk vs Reward is 1: 5 . Taking support at 50EMA. Following Trend 600 Bellow Closing day Candle and next day sustain bellow 600 till 12 O'clock. Reward is open positional player Pharma Sector Index is weak but i would like to risk 10 Rs
NSE: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.
Breakout Trade On 15 Min Chart
SunPharma Breakout Trade For 12-02-2021 S/R Breakout On 15 Min Chart For educational Purposes Use Only Im Not SEBI Registerd
Buy only when it sustains above 601 and Target is above 610
Bearish Indications in SUNPHARMA: 1) Head & Shoulder Pattern Breakdown 2) Uptrend Channel Breakdown 3) 200 Day EMA Breakdown All of this above patterns indicating after today's 3.78% fall SUN PHARMA Continue its bearish rally till 545(6% downside).
Sunpharma 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 buy 599 nto 610 sl 566 target 620 640 670 one month period
This is just for educational & learning purposes and not a recommendation. This stock can touch 650/655 levels in short term. Before taking any positions please consult your financial advisor.
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...
Sell if sustains below 581 for the targets of 573 and 560 until 589 is saved on the upside. Happy Trading! InvestPro India Team
Breakout failure with good R:R Entry:586 SL:605