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Decline is price with decline in volume Hence,Short Sun pharma Below- 473 SL - 490 T- 450 Time frame 1 to 4 days.
Hi Guys, Upside Target Of Sun Pharma Achieved Today, But My Bias Is Still Bearish. Thanks You.
Short NSE:SUNPHARMA below 350 SL 358 TGT 325/315
Sunpharma Looks weak after its quarterly results Have provided two entry points High and Low of Fridays candle - You can enter short trade if it touches high of friday candle with stop loss of 5 and if its gaps down and touches friday's low - still you can short with stop loss as fridays close The target is open - so keep booking profits and keep trailing...
Looks beautifully bearish in weekly making lower highs. It was at an important weekly level in last two weeks. The red candle rejected the level as well as 50 EMA, giving me a negative bias. On 8th, Trendline was mildly broken with a big engulfing candle and today, it was clearly broken, though with a green 50EMA rejection which a cause of concern. Let's wait...
Sunpharma can Take support at fibonnaci level 61.8% which is 410.
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...
Sun Pharma in a downtrend. Looks good Sell for intraday. Sell Sun Pharma around 460.50 stop 464 Target Open.
One might sell Sunpharma on rise with SL of 476.8 and targets of 465.8/462.2.
SUN PHARMA at supply zone, bearish is spotted target 430-420
Marked swing Points, trend lines and Fibonacci level can be used for trading along with some momentum indicators. Try to lookout for confluence of these parameters, don't trade solely using any one of these parameters. P.S: This is not an investment advice. This is for learning purposes only. This is my personal journal. Invest your capital at your own risk.
STBT IN SUNPHARMA DEC FUT SHORT@415 STOP@428 TARGET@400 QTY:1100