Decline is price with decline in volume Hence,Short Sun pharma Below- 473 SL - 490 T- 450 Time frame 1 to 4 days.
Buy sun pharma near trend line 480. only if Rsi keeps above 50. target.498 keep aclose stop loss of 475. a good risk to reward ration of 1:2.
Sun Pharma has made multiple bottoms in the last few weeks, for a long term it shows good bounce back if it follows in the next few months. Entry above the trend line. SL should be below the support. Target - 100 points from trend line.
Sunpharma can Take support at fibonnaci level 61.8% which is 410.