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Sunpharmaltd

Simple Trade Setup | Trade Setup | 30-08-2021NSE:SUNPHARMA Observation 1) On 1hr time frame it is making pole and flag pattern and trading in to the flag channel. It have critical support zone of 750-752 level. Please refer below chart: 1 hr time frame: ------------------------------------------------ Trade Setup for Date 27-08-2021: 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 tomorrow. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:SUNPHARMA
by Trading_hawk
1
REVIEW | SUN PHARMA| 13-08-2021 | ORB STRATEGY NSE:SUNPHARMA I had provided a trade setup of SUN PHARMA for 12-08-2021. But trade was never get activated as it didn't came to level as per our trade setup. I have provide the link of that trade setup in the link at the end of this. So if you keep just the levels from that trade setup even on 13-08-2021 then How you could have made trade in SunPharma on 13-08-2021. On 13-08-2021 it was time to use ORB Strategy . . What is ORB Strategy? In layman's term: If the opening candle make a range with both side wick rejection and a medium body and after that the stock trades between that range then we will just wait until it breaks on either side of that range to take the buy or sell trade. -------------------------------- Now here in SUNPHARMA , the opening 15min candle made high 779.70 and low of 767.75 and then it was trading between this range. To take the trade, we need to wait till that either side of level gets break. In this case it broke higher level of 779.70 and also as per earlier trade setup 780 was our entry level for buy trade so on the candle of 10:50 using 5min time frame we found breakout of it. And it gave us easy target of 786 as per earlier trade setup. Link is provided below for the earlier trade setup for Sun Pharma. If the opening candle's low was broken down then it will be the sell trade and the target will be as per our earlier trade setup for sell side. Hope I make it easy and simple to understand ORB. Do comment your suggestion or doubt.
NSE:SUNPHARMAEducation
by Trading_hawk
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
SUNPHARMA: Cup & Handle Formed bullish Peanut pattern in accumulation phase expresses the Fear phase at MAJOR SUPPLY 1H with results into breakout. Further retesting pull-back zone at yellow doted... but if you see observe bearish CUP & HANDLE zone have being leading to frequent breakout upto @648. . Points to be Note (Technical + Fundamental) 1. Nifty Pharma is in accumulation phase with rising wedge which lead SUNPHARMA in upcoming days. 2. Positive: sales has been decreased by 6% but reserves & surplus is increased fairly. 3. On june 2,2021 Sunpharma has overtake its Subsidairy Swiss drugmaker Ferring Pharmaceuticals for producing one of the main pharma product of Swizz under Sunpharma chain. Due to this company standalone profit will be increased. NSE:SUNPHARMA Let me know in comment what's your views?
NSE:SUNPHARMALong
by rajveerscolia