Upward Impulse complete and now correction is forming;
Wave A of the downward Impulse is complete and Wave B is a Upward Flat Correction where Wave A and B are complete and now Wave C which is
5 Wave Upward Impulse is forming;
We need to wait for the Price to come in the...
I hope you can now see how Sunpharma represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that...
Strong and HIGH PROBABILITY BUY SETUP on Sun Pharma. Currently in the best price zone to buy (510-500). Target: 562, 580
Time duration: HOLD for at least a month. Expected ROI 11-16%
The factors supporting our view are as follows:
1. Price is sitting just above the parallel channel's support trend line
2. Price is sitting just above an important psychological...
Engulfing - Bullish ( Marked as "BE" on the chart ) - Time Frame for the chart is 30 Mins
Engulfing Bullish is a reversal pattern usually found at the end of a given downward trend, it consists of two candles. To distinguish the first day, this candlestick pattern uses a small body, followed by a day where the candle body fully overtakes the body from the day...
Sunpharma Overbought RSI
Resistance around 550-580.
On upside we may see
the level of 560 in short term.
Support is around 510-485
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Updated on : 01-Aug-2020 11.00pm
Disclaimer: Only for learning purpose.
Hey Guy's here in Sunpharma refer the Daily chart updated and the breakout above 510-515 levels can lead Sunpharma to the levels of 558 first and then 616. This is highly opportunistic trade setup.
Please note the chart updated is only for educational purpose
Sun pharma stock is on a verge of a breakout on weekly chart according to The Famous Darvas BOX Theory Sunpahrma is trading above BOX since last couple of weeks. as long as it sustain and trades above 440 target of 580 and 630 looks possible.
Strategy Buy in declines 485- 500 zone its a positional Buy reco.
Sun Pharma is in a rising channel and longs can be initiated with strict stop loss between 476-478 levels. Also, it has been consistently trading above the 20 DMA in the past few sessions which confirms the bullish trend! Upside hurdle at 491 and then 500!
#SunPharma @ 477 || 29-May-2020 | hourly
- A new trend and a fresh view with a breakout of the pattern
- BUY within the GREEN Zone
- Stoploss @ 460
#NSE #BSE #Sensex #Pharmasector #Nifty #nifty50 #banknifty #NIFTYFUTURE #CNXPharma