SUN PHARMAHello & welcome to this analysis
From the pandemic lows made in March 2020 till date it has likely completed Wave 1, 2 & 3 and is doing a time wise (TRIANGLE) corrective wave 4.
The sub waves of 4 are suggesting "c" is ending with "d" and "e" pending before it resumes the terminal wave 5 impulse.
This is suggesting that for quite a bit of time the stock could remain range bound.
This wave count of a triangle will be invalid if current decline goes below 1547 and/or the expected bounce in wave "d" goes above 1857.
Wave 5 target could be anywhere between 2400-2500
All the best
