Sumpharma got FDA approval for some drug which I cannot even pronounce.
Also recently stock gave break out form long year trend and pullback is also success.
Wait for the reversal at the zone for long.
Sun Pharma has made multiple bottoms in the last few weeks, for a long term it shows good bounce back if it follows in the next few months.
Entry above the trend line.
SL should be below the support.
Target - 100 points from trend line.
SUNPHARMA (Sun Pharmaceutical Industries Limited) BUY ABOVE 405.5
Multiple time frame support regions at 405-406, breaking above this with volumes will give a good buying opportunity. Targets will be 410, 413, 415 and 417
Marked swing Points, trend lines and Fibonacci level can be used for trading along with some momentum indicators.
Try to lookout for confluence of these parameters, don't trade solely using any one of these parameters.
P.S: This is not an investment advice. This is for learning purposes only. This is my personal journal.
Invest your capital at your own risk.
BTST IN SUNPHARMA
ADDED NEW POSITIONS SECOND TRADE IN SUNPHARMA
STOCK HAS BROEKN ABOVE 432 AFTER VERY LONG TIME
SUPPORT RAISED TO 434
JAN FUT TRADE
PLEASE NOTE:TRADE REPEATED
LOOKING GOOD ON THE UPSIDE