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...
Sun 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
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 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.
NSE: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...
![SUNPHARMA: Simple Trade Setup | SUN PHARMA | 01-11-2021 [ INTRADAY]](https://s3.tradingview.com/k/kSBe9akl_mid.png "Simple Trade Setup | SUN PHARMA | 01-11-2021 [ INTRADAY]")
