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
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 .
Disclaimer: It should not be...
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...