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Sunpharmatrend

Simple Trade Setup | SUNPHARMA | 20-12-2021 [INTRADAY]NSE:SUNPHARMA Observations: 1) On 1day time frame, it is trading below 100DMA but it took support from 21DMA. Since short term average is below the long term averange, it is a sign of bearish. But if it managed to trade above 100DMA then it will be again a buy trade. 21DMA is placed at 763.35 level and 100DMA is placed at 783.82. We can see that level range of 760 is immediate suppport and level range of 785 is immediate resistace. Please refer below chart : 1day Time Frame. 2) On 1 day time frame, we can see that it is trading at the bottom trendline of the parallel channel. If it maintain to keep the support from this trendline then we can see an upmove till middle trendline of parallel channel. On breakdown of this bottom trendline it will be bearish. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date: 20-12-2021 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
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
Simple Trade Setup | SUN PHARMA | 26-10-2021 [ INTRADAY]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. ------------------------------------- Now let's look at SUN PHARMA. 1) On 1 Day time frame, today it made kind of Doji candle and also it took support from 50DMA range and closed above 810 level. Please refer below chart : 1day Time Frame. ------------------------------------- All the levels and most of the trade setup still remains the same as per previous. Trade Setup for Date 26-10-2021: 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 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 | SUNPHARMA | 22-10-2021 [ INTRADAY ]NSE:SUNPHARMA Observations: 1) On 1 day time frame, it hold and closed above 21DMA. 21DMA is placed at 811.67 level range. Level range from 810-812 will work as good support now. Breakdown of it will lead it to down move. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date 22-10-2021: 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 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
Simple Trade Setup | SUNPHARMA | 19-10-2021 [ INTRADAY]NSE:SUNPHARMA Trade Setup for Date 19-10-2021: Most of the levels will remains the same as per previous setup. 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
Simple Trade Setup | SUNPHARMA | 11-10-2021 [INTRADAY]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 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
1
Simple Trade Setup | SUNPHARMA | 01-10-2021[ INTRADAY]NSE:SUNPHARMA Observations: 1) On 1hr time frame we can see parallel channel uptrend. Please refer below chart : 1hr Time Frame. ------------------------------------- Trade Setup for Date 01-10-2021: 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 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 respsective level considering how price action works near that level.
NSE:SUNPHARMA
by Trading_hawk
5
SUN PHARMASun pharma has given breakout with good intensity of volume, and recently pulled back in wave 2, now wave 3 circle is going on and within that, wave I and II are completed recently and wave III has started, all the key levels are mentioned on chart, one can go long at current levels or in dips ( if any ) with stoploss of 750 for targets of 900 - 925 levels. breakout with good intensity of volume wave structure could be like this macd in weekly positive crossover above zero line and uptick macd in daily positive crossover above zero line rsi in weekly bullish and uptick above 70 rsi in daily bullish and uptick above 60 dmi adx bullish ungali setup upper bollinger band challenged stochastic oscillator in daily is also positive and uptick Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing
NSE:SUNPHARMALong
by RK_Chaarts
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
SUN PHARMA | Target & Levels | 20-07-2021NSE:SUNPHARMA It has closed above the critical level 689. 689 is level from Fibonacci. Strategies for Tomorrow | 20-07-2021. 1) If it Gap up between 690-692 then wait till if it take support from 689 range. And if it makes Green candle in 15min time frame then there will be the perfect entry to Go long. Targets are mentioned on the chart. 2) If it Gap up between 690-692 and then goes up and faces resistance in 695 range then wait until it comes to 689 range and let it take support from there. And from 289 range if it makes Green candle in 15min time frame then there will be the perfect entry to Go long. Targets are mentioned on the chart. 3) If it gaps down in 685-687 range then wait till it gives breakout of 689 range. Then there will be the perfect entry to Go long. Targets are mentioned on the chart. 4) I would prefer not to take short/sell side trade in SUNPHARMA. If any doubts/suggestions, comment below.
NSE:SUNPHARMALong
by Trading_hawk