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
NSE:SUNPHARMA Observations: let's take look at NIFTY PHARMA index. 1) On Daily time, we can see that it took good reverse from 200DMA and made dragon fly doji. As per the textbook knowledge, it should work as trend reversal. We might see good upmove in most of Pharma stock now. Please refer below chart : 1day Time Frame. ...
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 Trade Setup for Date 11-10-2021: 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...
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: ------------------------------------------------ Trade Setup for Date 27-08-2021: 1) Don't Jump in to trade at the beginning of the...
sunpharma near trend line resistance, buy now or wait for breakout stoploss - 760 target - 900/950/1000
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
Bearish Indications in SUNPHARMA: 1) Head & Shoulder Pattern Breakdown 2) Uptrend Channel Breakdown 3) 200 Day EMA Breakdown All of this above patterns indicating after today's 3.78% fall SUN PHARMA Continue its bearish rally till 545(6% downside).
Sell if sustains below 581 for the targets of 573 and 560 until 589 is saved on the upside. Happy Trading! InvestPro India Team
Breakout failure with good R:R Entry:586 SL:605
In 30 mins TF, it broke Triangle pattern with great volumes. If Nifty pharma is in red. This will be a Shorting Opportunity.
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...
Minor five waves of bigger wave 1 has been completed, shall be followed by correction for the given targets.
Stock seems to loosing strength now. Selling Range - 473-480 SL - 487 T - 455-450
Short Sun Pharma @446 SL@ 475
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