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Sunpharmaceuticals

Simple Trade Setup | SUN PHARMA | 02-05-2022 [INTRADAY]NSE:SUNPHARMA Observations: 1) On 1day time frame, we can see it made inverted hammer in up trend and after making new high it was facing huge selling. If it starts to trade below this candle's low which is 919.55 then the pressure of selling will start. And as per technical levels 920 is breakdown level and 900 is last major breakdown level of it. Please refer below chart : 1day time frame. ------------------------------------- Trade Setup for 02-05-2022 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.
NSE:SUNPHARMA
by Trading_hawk
SunPharma Analysis | Sun Pharma Analysis | weekly view 20 april Where you will invest for future returns? FD / Mutual Fund / LIC Bond Wow Descending Triangle formed. Now we have to wait for breakout either side "15 min preference" should sustain first. Condition 1: We will only look for Buying once 931 taken out reason being two levels will crossed (Price Action & Triangle). Initial Target (IT) : 938. Exit Target or starts trailing from here : 942. Condition 2: Sell activates once 919 taken out & sustain. Initial Target (IT) : 912 Exit Target or starts trailing from here : 907.45. Note : Patience is the only key for success.
NSE:SUNPHARMA
by Option_Kontrol
Simple Trade Setup | SUNPHARMA | 27-12-2021 [INTRADAY]NSE:SUNPHARMA Trade Setup for Date: 27-12-2021 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.
NSE:SUNPHARMA
by Trading_hawk
2
Simple Trade Setup | SUNPHARMA | 22-12-2021 [INTRADAY]NSE:SUNPHARMA Trade Setup for Date: 22-12-2021 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.
NSE:SUNPHARMA
by Trading_hawk
Simple Trade Setup | SUNPHARMA | 20-12-2021 [INTRADAY]NSE:SUNPHARMA Observations: 1) On 1day time frame, it is trading below 100DMA but it took support from 21DMA. Since short term average is below the long term averange, it is a sign of bearish. But if it managed to trade above 100DMA then it will be again a buy trade. 21DMA is placed at 763.35 level and 100DMA is placed at 783.82. We can see that level range of 760 is immediate suppport and level range of 785 is immediate resistace. Please refer below chart : 1day Time Frame. 2) On 1 day time frame, we can see that it is trading at the bottom trendline of the parallel channel. If it maintain to keep the support from this trendline then we can see an upmove till middle trendline of parallel channel. On breakdown of this bottom trendline it will be bearish. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date: 20-12-2021 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.
NSE:SUNPHARMA
by Trading_hawk
Swing SetupEXPLANATION : This is a 4 hour time frame chart of SUNPHARMA . I am seeing very good selling opportunity in SUNPHARMA because of many reasons . It has a formation of head and shoulder pattern , still It has to be made right shoulder . If taken resistance from supply zone entry no.1 activated , If give a strong breakdown and broke its demand zone with volumes and has retested the same entry no.2 activated . I am bearish on this stock for the coming days . Enter as per your setup . If you like the analysis give a Like // Follow for more updates , let me know in comments below :)
NSE:SUNPHARMA
by pranav_nanavare
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.
NSE:SUNPHARMALong
by Trading_hawk
SUN PHARMA | Target & Levels | 20-07-2021NSE:SUNPHARMA It has closed above the critical level 689. 689 is level from Fibonacci. Strategies for Tomorrow | 20-07-2021. 1) If it Gap up between 690-692 then wait till if it take support from 689 range. And if it makes Green candle in 15min time frame then there will be the perfect entry to Go long. Targets are mentioned on the chart. 2) If it Gap up between 690-692 and then goes up and faces resistance in 695 range then wait until it comes to 689 range and let it take support from there. And from 289 range if it makes Green candle in 15min time frame then there will be the perfect entry to Go long. Targets are mentioned on the chart. 3) If it gaps down in 685-687 range then wait till it gives breakout of 689 range. Then there will be the perfect entry to Go long. Targets are mentioned on the chart. 4) I would prefer not to take short/sell side trade in SUNPHARMA. If any doubts/suggestions, comment below.
NSE:SUNPHARMALong
by Trading_hawk