SUNPHARMA trade ideas
Sunpharma Long Piercing patternA piercing pattern has formed on 22/3, and the next resistance (target) is at 928. Positive news has also come on the same day as the company is set to acquire stake in another pharma company. Positive MACD crossover is occurring in the 30 min chart, and the stock has bounced from its support level. For this range, advantage can be taken by keeping a stop loss slightly below the resistance, i.e. where the low of piercing pattern is (902), and the target is the next resistance (929). Trade should only be taken if; Volumes are high, and opening should be around previous close, or gap up, which might even indicate a break out from our targets.
SUNPHARMA 920 PE hit all 3 targets !!!! Live chart shared !!NSE:SUNPHARMA
#NSE:SUNPHARMA initially traded positive and got rejection from 920 level, swing changed and momentum turns in to selling,
All 3 targets reached in selling.
attached the chart shared today in live market with levels.
SUNPHARMAStock has given breakout from its medium time resistance. Buy above 912, TGT 8 to 10%, SL 865. Only for educational purpose. Kindly contact your financial advisor before entering any trade.
SUNPHARMA Weekly - BearishBearish RSI Divergence, Facing multiple rejections near 920 zone. Waiting for trendline breakdown for confirmation.
shorting sun pharma as it is still under parellel channelstock is struggling to break the resistance area and therefore there is possibility for shorting of this stock with keeping proper exits
[ INTRADAY ] SUNPHARMA LONG BET
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. 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/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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SUN PHARMA, LongSUN PHARMA, Bullish
Target1 930/Rs.
Target2 1025/Rs.
Consider for educational purposes only.
Sunpharma on Breakout wayChart is telling about breakout to be happen
Breakout trade can be take with Stop Loss
SUNPHARMA : Three possible moves from here : SELL My wave analysis suggest a nice down move coming soon..
Happy Trading..
SUN PHARMA2022 03 11
902
RSI > 60
MACD crossover recently
Close above Upper BB
Resistance breakout (?)
Volume is ok
Sunpharma (Neowave Forecast)NSE:SUNPHARMA
Hi Traders & Investors
In the last forecast we talked about pharma index is its last leg and we will see an positive structure from here. So here is the wave count of sunpharma to compare pharma index with it.
Pharma will be on buy on dips for now.
For more updates keep wathing us.
Thank You
Sunpharma BullishSunpharma Strong Weekly closing indicates rally
may continue further
concentrate if price sustain above 905 in daily
Sunpharma - Looking spicy The setup is approaching multiyear breakout zone..momentum looks good and if it breaks out ..sky will be limit ...
Inside Candle Breakout with support & resistance in Parallel ChaIn daily frame, the price given a inside candle breakout and in weekly chart in uptrend parallel channel with proper support & resistance.
The entry , stop loss and target mentioned in chart.
Inside Candle (821-847)
15min Chart
NIFTY PHARMA
Thanks
Sun Pharma - Positional Trade Idea - Buy (Target 895)Scrip Name: Sun Pharma
Setup: 52 Week High / Breakout / Positional Trade in Uptrend
Entry zone - 750 - 830
Support zone 1 (750 - More positions can be added in this zone if your risk allows),
Support zone 2 - 650
Stoploss - Prices moving below 650 should wake us up
Note: Sun Pharma Promoters has a pledging of 6.36%. Any increase in this (beyond 10% should be a deal breaker)
Additionally in coming weeks expect markets to be more Volatile, meaning the corrections will also be sharp.
Enter in fresh trades only if your pocket allows to face deep cuts and drawdowns and add more positions.
Please trade and invest based on your risk profile.
[Buddha] SUNPHARMA Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
sunpharma 15 min type 1 market or flag n pole the market is in the strong move now so wait for 15min candle to close then big movement in the hand
Intraday set up sun pharma on march 9thSee the chart and prepare your own trade
Always keep risk reward more than 1:2
Maximum 2 trades in a day
Don’t take revenge trades
sunpharma price volume studysunpharma volume came and price moved in faster space...
when price (engine) gets the volume (fuel) it gives bigger movement...
price moved up for wave "e" and made high near 862
