Sunpharma Price ActionBuy Sunpharma If Any Weekly Close Above 1105
SL - 1063 ( Weekly Closing Basis )
Target - Open
Sunpharmabuy
Simple Trade Setup | SUN PHARMA | 01-11-2021 [ INTRADAY]NSE:SUNPHARMA
Observations:
1) On daily time frame, it just closed at 50DMA.
50DMA is placed at 795.19 level.
Please refer below chart : 1day Time Frame.
2) Also on daily time frame, as we already know it has been trading in up trend parallel channel.
And it took support from middle trendline of parallel channel.
Please refer below chart : 1day Time Frame.
3) On 1hr time frame, we can see head and shoulder pattern. Necl line is 795-800 level range.
Scenario -1 If it opens above this neckline and goes down then gets support from this neckline then it will be buy trade.
Scenario -2 If it opens below this neckline and goes up then faces resistance from this neckline then it will be short trade.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date 01-11-2021:
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 gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
sun pharma sunpharma looks so bullish if it breaks previous day high we can go long and take up side target
SUNPHARMA Swing TradeSun 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
Sun Pharmaceuticals Trendline broken with decent volumes, initiate long
RSI trendline also broken
RSI at levels of 60
Hold for targets of 711, 737
Good support at levels of 660
Sun Pharma Breakout.Sun Pharma has broken years long resistance.
We have seen good breakout with awesome volume, we can wait for retest for best entry.
Can see decent upside moves.
Sunpharma BO Retest & bounceNSE:SUNPHARMA
can add now and more on dip till 670
SL 630
T 725, 760 800+
SUN PHARMA | TRADE SETUP 26-07-2021NSE:SUNPHARMA
It have broken the trendline with good volume and also our level of 689 and hit our target 1 placed at 695. It closed at 694.
Trade Setup for 26-07-2021.
1) If it goes down till level of 691 let it go don't try to short it. If it gets support from 691 and trade above it then it will be easy to go long and all the targets are mentioned on the chart.
2) If it fails to hold the level of 691 then next support is at 689. If it gets support from 689 and trade above it then it will be easy to go long in trade. All the targets are mentioned on the Chart.
3) At this moment there is no short/sell trade opportunity in SUNPHARMA. It will only give opportunity for sell/short trade below 680 and then the fall will be till 670.
4) Don't chase if it open with gap up. Let it cool down for initial 15-20 minutes and judge the price action and only trade on levels.
Have a good weekend.
Comment if my ideas are helping you to understand price action and levels.
Do comment if you have any doubt.
