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.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
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...
Sell Sun Pharma if it breaks the support line on the downside for the lower marked levels on the chart.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
EXPLANATION : This is a 4 hour time frame chart of SUNPHARMA . I am seeing very good selling opportunity in SUNPHARMA because of many reasons . It has a formation of head and shoulder pattern , still It has to be made right shoulder . If taken resistance from supply zone entry no.1 activated , If give a strong breakdown and broke its demand zone with volumes and...
NSE: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:
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Trade Setup for Date 27-08-2021:
1) Don't Jump in to trade at the beginning of the...
NSE:SUNPHARMA
Simple Trade Setup
Hope chart and levels are easy to understand.
Breaking of triangle in any side will give good movement. Safe trade level for buy and sell are already mentioned on it.
All the levels will work as support, resistance, entry and target w.r.t price action tomorrow near to that levels.
Do comment your doubt or suggestion....
SUNPHARMA
1. rising wedge pattern price movement
2. inside flug pattern formeed and breakout
3. next supply/demand zone that target level
4. chance for health reatrcement may be expected coming day
5. historical trend also target zone same
Risk vs Reward is 1: 5 . Taking support at 50EMA. Following Trend
600 Bellow Closing day Candle and next day sustain bellow 600 till 12 O'clock.
Reward is open
positional player
Pharma Sector Index is weak but i would like to risk 10 Rs
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 .
Thank You
Disclaimer: It should not be...
NSE:SUNPHARMA
Sunpharma can be a great shorting oppurtunity once it breaks down from its strong support level.
Keep taregt/sl as per your risk to reward ratio.
NSE:SUNPHARMA
SUNPHARMA will release its report tomorrow where analysts expect a slight drop in revenue. In charts, it's making an ascending triangle in smaller timeframes but a huge Inverse Cup and Handle pattern which indicates huge downtrend so the price will continue moving down to 340 before making a big jump for a bull run towards 700. Long term Investors may choose to...
![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]")
