triangle break out in Sunpharma Expecting a rally from current price since it broken the triangle.
Risk reward would be 1:1.5
SUNPHARMA trade ideas
buy with today low as slbuy with today low as sl 987 target 1:1(intraday)
Taking double bottom support and reversed and it also move above the trend line
Also updside rejection at 1005 if this breaks and sustain for about 15 mins then we can expect nice upside move
Sunpharma may go down till 975 SL 1035 timAs per Harmonic PRZ pattern, Sun Pharma may go down till 975 SL 1035
#SUNPHARMASunpharma traverses the shunted range on crossing within the previous body range
From 990 to 1011+
Bullish flag pattern reversal in SUNPHARMASUNPHARMA
Key highlights: 💡⚡
📌On 1D Time Frame Stock Showing Reversal of Bullish flag Pattern .
📌 It can give movement upto the Reversal target of above 1045+.
📌There have chances of Breakout of resistance level too.
📌 After Breakout of resistance level this stock can gives strong upside rally upto above 1215+ .
Formation of inverted cup and handle pattern in SUN Pharma A beautiful inverted cup & handle pattern has formed in SUN Pharma in 15 & 5 minute time frame, also it is near to this month support, good for intraday traders, if it open's below or goes below 978 ( Short it),
SL at 994 and minimum target is 964. let's wait and watch.
Happy trading friends!
Sunpharma Breakdown Targetdouble top breakdown observed in sunpharma.
breakdown validated with volume.
Next support/target 950
sunpharma long small sl long reward .educational purpose sunpharma long small sl long reward .educational purpose
PA hh
price @ discount
SUN PHARMA - SWING ANALYSISSUN PHARMA : The market has been bearish for the past few days and it seems that the short-sellers are finally taking control.
The 995-998 level looks like a good entry point for a short position, with a stop loss around 1008. The potential downside target is 957-944
This analysis is only for the educational purpose and should not be considered as a recommendation. There are many different factors to consider when making investment decisions, and this post does not take into account all of those factors. This post is not intended to be investment advice, and you should always consult with a financial advisor before making any investment decisions.
SUN PHARMA | SHORT @ 990 - 995Short Sun Pharma @ 990 - 995 for the target of 930.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
sun pharma short idea sun pharma have reached a quite interesting level we can short it once it reaches the trend-line or long buy in case of a breakout NSE:SUNPHARMA
sun pharma bullish idea yesterday i post about sun pharma short idea and it worked quite good, today sun pharma took a dip but its looking good for bullish side lets hope we can place a trade above the choppy area :) NSE:SUNPHARMA
SUN PHARMA POTENTIAL UPSIDE OF 45% SUN PHARMA HAS BROKEN THROUGH ITS MULTI YEAR DOWNTREND AND NOW ITS AT FIRST RESISTANCE LEVEL OF 680 AFTER FORMING A ROUNDING BOTTOM . IF IT CLOSES ABOVE IT ON WEEKLY BASIS THEN A TRADE CAN BE TAKEN. ( A PERSON CAN BE DOUBLE SURE OF THE BREAK OUT IF MONTHLY CLOSING IS ALSO ABOVE THIS LEVEL).
TARGET :1000
CMP : 680
STRICT SL :610
[ Positional ] SUNPHARMA Long Trader: R is 1: 2
Rest as per Charts
Note -
One of the best forms of Price Action is not trying to predict. Instead of that, ACT on the price. So, this chart tells "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
=======
I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
=======
I won't personally follow any rules. If I "think" (It is never a gut feeling. It is always some reason.) that the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
=======
Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is primarily the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
=======
SUNPHARMA Buy Swing TradingTrap Trading system,Sun Pharmaceutical Industries Ltd. engages in manufacturing, developing, and marketing of pharmaceuticals products. It offers tablets, capsules, injectable, inhalers, ointments, creams, and liquids. The company was founded by Dilip Shantilal Shanghvi in 1983 and is headquartered in Mumbai, India.
SUN PHARMA MAKING CUP & HANDLE PATTERN IN DAILYIndia doing well comparetively good, than global markets.
SUNPHARMA IS NEARLY 23% Weightage in NIFTY PHARMA.
SUN PHARMA breaks head & sholders & Cup & handle pattern, we can expect bullS will move the stock upside.
& closed BULLISH CANDLE yesterday. CMP 948
Positives for Pharma industry
Globally, Indian pharma companies having nearly above 40% share,
Rupee value depr is good for pharma & IT companies,
In Recent FII data shows morethan 8000 cr invested in healthcare industry,
nearly 90% of analyst given buy recomendation,
nifty pharma last 6 months -4.5 % drop vs nifty 50 -3%
THIS Is Information purpose only.
SUNPHARMA | Near 7Yr Resistance| Rocket Abv 1080 | 70% UpsideNSE:SUNPHARMA
7 month Consolidation between 800 - 940 & recently Breakout from Ascending Triangle
Price approaching 7 Year Resistance zone of 1070 - 1080.
Breakout above the resistance zone will make Sunpharma a Rocket.
Short Term Target : 1070
Long Term Target : 1542 - 1831
Upside : 50%-70%
SL : 880
Rising in Channel since March 2020 and Taking support from 20 & 50 Week EMA
RSI is consistently in Bullish Zone
D - TrendThis time it may fill down gap.... HH & LL formation.
If it's right or wrong don't know. Wants to develop anylz
H&S in Sun Pharma - Weekly timeframeHead and Shoulder pattern formed in SunPharma a few weeks back. See how beautifully it worked out. That's the power of bullish pattern.
SUNPHARMA 15 MIN TFSUN pharma cmp 1041.95 dated 5-11-2022
1---Pattern big tf- higher-high ,lower-low
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
ALL TIME HIGH SEEKINGSun pharma is looking good on weekly chart by breaking falling resistance trendline and gives a strong close on above that so we can say this is a breakout but one thing I identified there is that a likewise trend of breaking all time high for creating a new all time high so I will feel much secure to take a trade on above previous all time high price which was around 968 and on the basis of previous trend I identified a decent looking target which is potentially achievable for swing trade and that is 1036, Sharing nifty pharma previous published chart too hope this will help to this stock to achieve target.
