We can buy from here following are reasons:-
1) Made exact double bottom in monthly chart.
2) broke the trend line
3) made doji
4) Made divergence on MFI
5) SL is 434, and tgts are all above fiboo level, risk reward ratio is best
It is been observed on the daily chart that the price action is bouncing back up to fill the previous gap down levels. It shall further climb up. It is positional trade setup can go long for weeks.
Target 1- 535
Target 2- 550
Analysis of Sunpharma 0.61% 0.63% and TV18 was requested by my dear friend Vishal.
Vishal I hope I have answered majority of your questions
SUNPHARMA 0.61% 25th Feb 2017
Date of Identifying the Trade : 25th Feb 2017
Entry Date: Buy Stop order is placed at
Market : BSE 0.11%
Stock: SUNPHARMA 0.61%