Here are the key things to see in this setup - and why its picture perfect
Volatility compression before launch from 1000 - classic Minervini style VCP
Higher volumes on the push off from 1000
Momentum on daily turning positive
Earning coming up- obviously people in the know are in
Relentless buying above 1020 - absolutely no pull backs
Go long with...
On the daily timeframe chart of Sun Pharmaceutical, the price is approaching a resistance zone that has been tested multiple times. As this resistance has been tested multiple times, it may be considered a weak resistance. If the price gives a strong breakout above this resistance zone, it could present a great opportunity to take a swing trade.
For entry, we can...
Perfect Head and shoulder break down can be there in the Sun Pharma stock. It is trading around the neck line.
Sun Pharma is in the sell zone, as the market has retest the recent 50% fib levels.
This stock never fails to respect the fibonacci levels.
It has been consolidating and on the daily charts it has formed a gravestone doji. Stock is near it 200 DMA and...
Consolidation below highs over. Turning back on the daily charts as well as weekly charts
Bull trend on weekly charts started in 2020 - and the past 2 months were a longer term pull back in this bull trend
Stop Loss - 950 which is the median of the level at which consolidation started
Price Target - 1050 which was the previous high
Low Risk / Higher...
Sun Pharma is near Support Zone on daily chart. It is Good Opportunity to take Swing Trade
We can go long on next candle open.
We can keep target near the next resistance zone as marked on chart.
We can keep the stoploss below the support zone.
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7 month Consolidation between 800 - 940 & recently Breakout from Ascending Triangle
Price approaching 7 Year Resistance zone of 1070 - 1080.
Breakout above the resistance zone will make Sunpharma a Rocket.
Short Term Target : 1070
Long Term Target : 1542 - 1831
Upside : 50%-70%
SL : 880
Rising in Channel since March 2020 and Taking support from...
Stock Name - Sun Pharmaceuticals Industries Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1015
#This is not Buy and Sell recommendation to any one....
Sunpharma on the weekly time frame has given a nice bullish engulfing candle and a nice 6% return this week.
The market has given a negative return but this stock has remained in green.
There is possibility of another up move in the coming week and the stock may form new 52 week high.
It is following the market movement. It has broken the resistance level of...
#NSE:SUNPHARMA Ascending Triangle with Demand zone marked in 15mins chart.
Earlier IDEA shared with previous demand zone and stock reacted 3% upside from that zone, refer attached chart.
Now sharing fresh Demand zone.....