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 .
Thank You
Disclaimer: It should not be...
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
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...
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...
Sunpharma Overbought RSI
Resistance around 550-580.
On upside we may see
the level of 560 in short term.
Support is around 510-485
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Updated on : 01-Aug-2020 11.00pm
Disclaimer: Only for learning purpose.
Hey Guy's here in Sunpharma refer the Daily chart updated and the breakout above 510-515 levels can lead Sunpharma to the levels of 558 first and then 616. This is highly opportunistic trade setup.
Please note the chart updated is only for educational purpose
#SunPharma @ 477 || 29-May-2020 | hourly
- A new trend and a fresh view with a breakout of the pattern
- BUY within the GREEN Zone
- Stoploss @ 460
#NSE #BSE #Sensex #Pharmasector #Nifty #nifty50 #banknifty #NIFTYFUTURE #CNXPharma
The CNX Pharma Index is aiming towards the 10,000 mark and Sunpharma seems good to reach 500+ levels soon.
In 75min CB, the price was unable to close above its resistance. If the resistance is broken now, an upmove towards 490-495 can be seen.
Above 490 ,the next resistance zone is around 504 level.
A long trade will be initiated only if the resistance is...
SUN PHARMA PRICE ACTION FOR COMING DAYS & MONTHS.
1. I made a green color circle showing a n evening star pattern. Since it is activated now , will it has potential to move price down or it has lost its effect. See when a pattern appears on chart and if gets activated then no body can predict how far its effect travel to . Same is here, I made a green dotted...
NSE:SUNPHARMA
Sunpharma can be a great shorting oppurtunity once it breaks down from its strong support level.
Keep taregt/sl as per your risk to reward ratio.
NSE:SUNPHARMA
