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Sunpharmasell

Simple Trade Setup | SUN PHARMA | 01-11-2021 [ INTRADAY]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 Time Frame. 3) On 1hr time frame, we can see head and shoulder pattern. Necl line is 795-800 level range. Scenario -1 If it opens above this neckline and goes down then gets support from this neckline then it will be buy trade. Scenario -2 If it opens below this neckline and goes up then faces resistance from this neckline then it will be short trade. Please refer below chart : 1hr Time Frame. ------------------------------------- Trade Setup for Date 01-11-2021: 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. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:SUNPHARMA
by Trading_hawk
Swing SetupEXPLANATION : 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 has retested the same entry no.2 activated . I am bearish on this stock for the coming days . Enter as per your setup . If you like the analysis give a Like // Follow for more updates , let me know in comments below :)
NSE:SUNPHARMA
by pranav_nanavare
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
Sunpharma ShortI 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 assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NSE:SUNPHARMAShort
by EntryandExit
SUNPHARMA looks more down before resuming the bull phaseSUNPHARMA 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 buy this stock as Pharmaceutica products there is always demand and it will continue further and the stock is at a heavy discount. Short until a trend breakout.
NSE:SUNPHARMAShort
by AbhijitRath