SUNPHARMA trade ideas
Buy Today, Sell Tomorrow: SUNPHARMA for more than 5%DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
Now why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
[Turtle] SunPharma 880CESelling SunPharma 880CE as I do not want to short pharma in a pandemic.
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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 at "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.
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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. (I tally upcoming events and many small kinds of stuff to my own 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.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) 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.
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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 mostly 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.
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Sun Pharma at Fibonacci LevelsAnalysis: Stock hit the Levels of Fibonacci 100% Retracement Levels on 30th of Dec. On breaking the Levels of 851, we can expect the Stock to hit the 138.20% Fibonacci Extension Levels. If the Stock fails to go above 100% Retracement Levels, then we can expect One more round of downside Retracement. Keep Tracking the movement of this Stock for the Month of January.
Sun Pharma - Momentum BreakoutAmong the sectors which has been under performing for the greater partof the last decade.
Sun Pharma above 855 could start to catch momentum and continue to move much higher. I would pyramid upwards above 900.
SL for the first part of the trade (buy at 855) would be 780. Once the 2nd buy is made SL can be shifted to 855.
Sun Pharma- HoldHi Everyone,
Sun Pharma is in a Bear Flag, price in between 0.618 and 0.786 Fib retracement. kindly wait for upside or downside breakout in price.
Target is given for both side. Only Trade or invest after a clear break out in flag pattern.
Note: This analysis is done by Ivy Venture research team. Kindly do your own analysis before making any trade decision.
Regards.
Ivy Venture,
Research Team.