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...
Important SUNPHARMA Levels ( Support & Resistance ) for Monday Market- 24-10-2022.
Disclaimer:
I am not SEBI Registered Analyst, This Channel Videos are 100% Education Purpose Only, Myself or my Channel Not Responsible for Your Profit/Loss, Please consult Your Financial Advisor before trading/investing on share market.
Sun Pharma in bullish momentum and big upside targets will open if sustains above 970.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
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...
About to complete Cup & handle
Reversing after 50% retracement of previous rally.
HH pattern on Weekly chart
Cup Pattern on Monthly chart
Buying Zone - 870-880, SL 860 on daily closing basis
Paper Trade recommendation only.
Looking Bullish from here.
Stuck in between Symmetric triangle.
If crossed & sustained above 850 then we will see 873 sooner.
Time frame 15 min.
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.
...
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.
...
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...
![SUNPHARMA: Simple Trade Setup | SUN PHARMA | 02-05-2022 [INTRADAY]](https://s3.tradingview.com/i/ijlYwXqy_mid.png "Simple Trade Setup | SUN PHARMA | 02-05-2022 [INTRADAY]")
![SUNPHARMA: Simple Trade Setup | SUN PHARMA | 01-04-2022 [INTRADAY]](https://s3.tradingview.com/j/jh38n9El_mid.png "Simple Trade Setup | SUN PHARMA | 01-04-2022 [INTRADAY]")
