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Sunpharmatrend

SUNPHARMA - Weekly- LONGA simple and clear analysis of the Sun Pharma weekly chart based on trend, volumes, momentum, RSI, ADX, and chart structure: Trend: The stock has been in a broad consolidation for many months. It was making lower highs, forming a downward sloping trendline. Now the price is trying to break above that trendline. This shows the first sign that the downtrend may be ending and a fresh upward move may start. The long-term trend is still positive because the price has stayed above the major support zone around 1550–1600. Chart pattern : The chart is showing a descending trendline with multiple touch points. The stock has bounced strongly from the support zone and is now testing the trendline. A clean breakout above this trendline will confirm a trend reversal. Volumes: Volumes have been stable but not very strong. However, during recent green candles, volumes have slightly increased, which shows buying interest returning slowly. A breakout with higher volume will give more confidence. Momentum (MACD) The MACD has crossed above the signal line, which indicates bullish momentum building up. The histogram turning green also supports the idea that the momentum is improving. RSI : RSI is around 59, which means the stock is gaining strength but is still not overbought. This is a healthy zone for an early-stage uptrend. ADX : ADX is around 10, which indicates that the current trend strength is weak. It means the stock was in a range for a long time. As price breaks out and ADX starts rising, the new trend will get stronger. Overall view : Sun Pharma is showing early signs of a trend reversal. Price is near a trendline breakout, momentum indicators have turned positive, RSI is rising, and the stock is holding a strong support zone. A confirmed breakout above the trendline with good volume can start a fresh upward move.
NSE:SUNPHARMALong
by PowerOfTA
5
Head and Shoulder in Sun Pharma (09/05/23)Perfect Head and shoulder break down can be there in the Sun Pharma stock. It is trading around the neck line. Sun Pharma is in the sell zone, as the market has retest the recent 50% fib levels. This stock never fails to respect the fibonacci levels. It has been consolidating and on the daily charts it has formed a gravestone doji. Stock is near it 200 DMA and if it breaks down below the zone the moving average will also be passed. Stop loss and target levels are provided in the chart itself. Wait for the price action near the price levels before entering the markets.
NSE:SUNPHARMA
by TheMamboMomentum
Sunpharma might form a new high (26/09/22).Sunpharma on the weekly time frame has given a nice bullish engulfing candle and a nice 6% return this week. The market has given a negative return but this stock has remained in green. There is possibility of another up move in the coming week and the stock may form new 52 week high. It is following the market movement. It has broken the resistance level of 900 and retest the levels. Three points confirmation for a trade 1. Crossed 20 ema on the daily time frame. 2. Closing above the resistance level, high volume break out and closing above 200 ema on weekly time frame. 3. Candlestick pattern :- Bullish engulfing pattern. If the stock breaks and closes above the levels of 925 on the daily time frame, a trade can be initiated. Targets :- 940-45, 950 Wait for the stock price to cross the level. Watch for the price action near the levels before entering the trade. A swing or intraday trades can be taken in the stock.
NSE:SUNPHARMA
by TheMamboMomentum
Simple Trade Setup | SUN PHARMA | 02-05-2022 [INTRADAY]NSE:SUNPHARMA Observations: 1) On 1day time frame, we can see it made inverted hammer in up trend and after making new high it was facing huge selling. If it starts to trade below this candle's low which is 919.55 then the pressure of selling will start. And as per technical levels 920 is breakdown level and 900 is last major breakdown level of it. Please refer below chart : 1day time frame. ------------------------------------- Trade Setup for 02-05-2022 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
SunPharma Analysis | Sun Pharma Analysis | weekly view 20 april Where you will invest for future returns? FD / Mutual Fund / LIC Bond Wow Descending Triangle formed. Now we have to wait for breakout either side "15 min preference" should sustain first. Condition 1: We will only look for Buying once 931 taken out reason being two levels will crossed (Price Action & Triangle). Initial Target (IT) : 938. Exit Target or starts trailing from here : 942. Condition 2: Sell activates once 919 taken out & sustain. Initial Target (IT) : 912 Exit Target or starts trailing from here : 907.45. Note : Patience is the only key for success.
NSE:SUNPHARMA
by Option_Kontrol
Simple Trade Setup | SUN PHARMA | 01-04-2022 [INTRADAY]NSE:SUNPHARMA Observations: 1) 15min chart for reference. Please refer below chart : 15min Time Frame. 2) Same chart on 1 day time frame. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for 01-04-2022 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