SunPharma has formed a bearish pattern and until it sustains above 1260, will remain weak and we expect to see 1190 and 1175 on the downside.
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Important SUNPHARMA Levels ( Support & Resistance ) for Monday Market- 24-10-2022.
Disclaimer:
I am not SEBI Registered Analyst, This Channel Videos are 100% Education Purpose Only, Myself or my Channel Not Responsible for Your Profit/Loss, Please consult Your Financial Advisor before trading/investing on share market.
Sun Pharma in bullish momentum and big upside targets will open if sustains above 970.
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InvestPro India Team
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.
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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.
...
NSE:SUNPHARMA
Observations:
1) 15min chart for reference.
Please refer below chart : 15min Time Frame.
2) Same chart on 1 day time frame.
Please refer below chart : 1day Time Frame.
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Trade Setup for 01-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min...
NSE:SUNPHARMA
#NSE:SUNPHARMA initially traded positive and got rejection from 920 level, swing changed and momentum turns in to selling,
All 3 targets reached in selling.
attached the chart shared today in live market with levels.
Sun Pharma has shown a good run-up and looking to play some retracement. Sell only if it sustains below 870 for the lower marked targets on the chart.
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InvestPro India Team
Sunpharma has given the breakout and looking good to buy in 855-850 range for upper marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
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...
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...
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...
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...
NSE:SUNPHARMA
Observations:
let's take look at NIFTY PHARMA index.
1) On Daily time, we can see that it took good reverse from 200DMA and made dragon fly doji.
As per the textbook knowledge, it should work as trend reversal.
We might see good upmove in most of Pharma stock now.
Please refer below chart : 1day Time Frame. ...
![SUNPHARMA: Simple Trade Setup | SUN PHARMA | 02-05-2022 [INTRADAY]](https://s3.tradingview.com/i/ijlYwXqy_mid.png "Simple Trade Setup | SUN PHARMA | 02-05-2022 [INTRADAY]")
![SUNPHARMA: Simple Trade Setup | SUN PHARMA | 01-04-2022 [INTRADAY]](https://s3.tradingview.com/j/jh38n9El_mid.png "Simple Trade Setup | SUN PHARMA | 01-04-2022 [INTRADAY]")
![SUNPHARMA: Simple Trade Setup | SUNPHARMA | 27-12-2021 [INTRADAY]](https://s3.tradingview.com/k/kimVPomA_mid.png "Simple Trade Setup | SUNPHARMA | 27-12-2021 [INTRADAY]")
![SUNPHARMA: Simple Trade Setup | SUNPHARMA | 22-12-2021 [INTRADAY]](https://s3.tradingview.com/t/Tzrs3liP_mid.png "Simple Trade Setup | SUNPHARMA | 22-12-2021 [INTRADAY]")
![SUNPHARMA: Simple Trade Setup | SUNPHARMA | 20-12-2021 [INTRADAY]](https://s3.tradingview.com/h/hy3OT0FJ_mid.png "Simple Trade Setup | SUNPHARMA | 20-12-2021 [INTRADAY]")
![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]")
![SUNPHARMA: Simple Trade Setup | SUN PHARMA | 26-10-2021 [ INTRADAY]](https://s3.tradingview.com/0/01idpm9X_mid.png "Simple Trade Setup | SUN PHARMA | 26-10-2021 [ INTRADAY]")