SUNPHARMA - BREAKOUT RETEST or END of 5th?SUNPHARMA - CMP 1747
It appears that a 5 wave impulse from Covid lows (312) has ended at 1960
Primary and internal counts are marked in the chart
If it is too early to predict/expect a larger retracement of the entire move, lets take one step at a time and look for the price action from May'23 lows.. The 5 wave impulse from 922 to 1960. Even here, the 5 waves are complete and the price is falling/retracing.
Chart is attached here for reference
If we expect a minimum of 50% retracement of this 5 wave impulse, then we are looking at 1440 levels
Worst case, if you look at breakout retest (for those with bullish bias), then a dip down to 1640 cant be ruled out
Price is trading below the cloud and Super trend on Daily TF
Price is trading below all key EMAs.. and 200 EMA is next, placed at 1650 levels.
Definitely not a place to go long..
Daily close above 1800 would be the invalidation level
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
SUNPHARMA trade ideas
sunpharma going to 1700 buy this srcript , very strong downffall ,
aftere breaking trendline and it is very confident move ahead
SUNPHARMA - Breakdown?There is tension on the support trendline. However, the price action seems to be weakening.
If a breakdown is witnessed, I expect some correction here in the short term.
Consolidation at ATHThe Stock and the Sector are both outperforming thr Benchmark. A Perfect Flag and Pole when broken may give a good run above the ATH
Stock at all time high (SUNPHARMA)SUNPHARMA 👑👑
Stock at all time high
In previous week stock formed a
DOJI and this week a breakout is
to be seen
Target 2200
Stop loss 1830
My personal opinion
SUNPHARMA // levels // 1dSUNPHARMA
looking good
Support Levels:
1,870 INR:
1,850 INR:
Resistance Levels:
1,905 INR:
1,920 INR:
Short SunpharmaWith lower time frame confirmation, we can short the sunpharma. This is for educational purposes only.
on Edge of Trend Termination Friends
This kind of structure do not hold for long time , they will eventually brake down after Long
Bull run
Now its true that it can brake out form Channel in Upside , but Probability of Making New high with follow through is very less
so Wait period is suggested
I have written Rules so that you understand it correctly
This is education content
if you have any Questions Please ask Me
Thanks
Advance GFS and PRD on Daily Monthly and weekly showing strength and daily taking support on 60 RSI and also taking support on moving avg 20 and there is a positive reverse divergence on daily and previous resistance becoming support on daily timeframe.
Sunpaharma Hourly breakout Sunpharma try to breakout in hourly candle target for 1900 keep SL at 1850.
BREAKOUT OF BEARISH CHART PATTERNHere inverted cup & handle pattern is formed in daily chart, but you see here breakout has happened of this bearish chart pattern which is god-damn buying signal just like we do buy above red candle high or something because in htf this is a bearish candle.
Sun Pharmaceutical, Bearish - SidewaysThe stock has seen exponential rise since last many months without any intermittent major corrections. The fresh trend lines created have been breached now, and stock seems to have entered into sloping / sideways channel since Feb. Expect to see corrections upto 1300-1250 or upto the trend line which will be healthy for accumulation & gather momentum for future uptrend.
SUNPHARMA F&P BREAKOUTSunpharma breaking f&p continuation pattern
with good volume and rsi
#target 2000
sl 1750
EDUCATIONAL IDEA
Investment Idea for Long term Investorrade idea for Long term Investors
High Reward Trade for High Risk Investors
Success rate 80% - 90%
"Realize Full Potential of a Stock by having Patience"
"Stock Market is more about What can happen rather-than what will Happen"
In Markets there is no 100% Guarantee but one can invest in High Probability Stocks
ALWAYS KEEP IN MIND
Rule 1 : Respect Target & Stoploss.
Rule 2 : Hold the Trade until the Rule 1 is not met.
Rule 3 : SL on Day Close Basis
Rule 4 : Never do averaging if trade moves against your direction
VIEW ON SUN PHARMAGood chart
Stock is in an up trend
Target 1755/1800
Stop loss 1700
I am just representing my views
For educational purpose only.
SUNPHARMA eill goes down Based on my analysis, these two zones are of significant importance. The stock's uptrend is likely to shift after reaching these zones.
SUNPHARMA: Top 3 Gainer in NIFTY 50!SUNPHARMA: Top 3 Gainer in NIFTY 50!
Current data suggests further bullishness ahead. 📈
Disclaimer: For educational purposes only.
SUNPHARMA -TGT 1640-1694-1710-1764 SL BELOW 1480 Sun Pharmaceutical Industries Ltd. is an interesting chart with following
FUNDAMENTALS
Company is almost debt free.
Company has delivered good profit growth of 26.4% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 56.0%
Technical
1. RSI on weekly and monthly time frame above 60
2. Price Taking Support at 20 Week SMA
3. ABCD Pattern under formation on Weekly chart
4. Narrowing Bollinger Bands on Daily chart and Price taking support at middle Band
5.Both ARS and SRS above zero
Caution : Pharma stocks are subject to Global risks
Can be a good risk reward with buy on dips with Support near 1484-1490 zone and resistance near 1640 (52 week High) -1694- 1710-1763 levels
Lets See How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
SunpharmaIn this chart of sunpharma i see consolidation in INSIDEBAR and breakdown given but where we do see the Trendline support is Near by, Overall structure of this chart is Bullish as its making Higher highs and Higher lows. As of now its in consolidation zone where i feel someting cooking big for its next leg of movement, need to wait and watch for a breakout....
Amazing breakout on Weekly TF - SUNPHARMACheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
Checkout an amazing breakout happened in the stock in Weekly timeframe.
Breakouts happening in longer timeframe is way more powerful than the breakouts seen in Daily timeframe. You can blindly invest once the weekly candle closes above the breakout line and stay invested forever. Also these stocks breakouts are lifelong predictions, it means technically these breakouts happen giving more returns in the longer runs. Hence, even when the scrip makes a loss of 10% / 20% / 30% / 50%, the stock will regain and turn around. Once they again enter the same breakout level, they will flyyyyyyyyyyyy like a ROCKET if held in the portfolio in the longer run.
Time makes money, GREEDY & EGO will not make money.
Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts.
The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play.
LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
Sunpharma breakout The stock is in a strong uptrend, the recent breakout above a key resistance level around ₹1,700 indicates potential for further upward movement. Set a target around ₹1,850 to ₹1,900, based on the recent breakout and the next potential resistance levels. Place a stop loss below the recent breakout level, at around ₹1,650, to limit potential losses in case of an unexpected downturn.
Disclaimer: This recommendation is based solely on technical analysis. It is important to consider this analysis in conjunction with other financial, macroeconomic, and sectoral factors. Investors should also consider their own risk tolerance and investment objectives
SUNPHARMA BULLISH MOMENTUM - ABCD PATTERN AND CHANNEL BREAKOUTSun Pharmaceutical Industries Ltd. is an interesting chart with following
1. RSI on all time frames above 60
2. Narrowing Bollinger Bands on Weekly chart and Price moving on upper Bands on daily charts
3. ABCD pattern under formation on weekly charts
4. Breakout of consolidation channel of 1380-1640 with rising volume.
5. Cluster of moving average supports in 1540-1580 zones
FUNDAMENTALS:
Company has reduced debt.
Company is almost debt free.
Company has delivered good profit growth of 23.4% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 46.6%
Can be a good risk reward to buy on dips and dips only near supports
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
