SUNPHARMA trade ideas
Sun Pharma AnalysisThis my own analysis. I'm not SEBI registered analyst.
This post is for education purpose.
Sunpharma BearishSunpharma Seems Bearish Rally may continue further concentrate
if price sustain below 745
Sunpharma important levels for long term investmentSunpharma important levels for long term investment
Level 1 = 670
Level 2 = 480
Level 3 = 350
Sun Pharma LONG, best Time to buyThe stock is standing at its 50% Retracement from All-time High to Lowest Bottom after covid crisis. Followed by major Trendline Support. Increase volumes and good breakout. Tried to break 50% but retraced. 50% will be an excellent S or R. Targets can be 792.
Intraday trade: watch for support breakdownshort below 748 in Intraday
For stoploss in Intraday use 5 minute chart and see nearest resistance.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapdown or bd before 9:20
If gapdown is more than 1% from bd level than avoid completely.
if less than 1% or gives bd before 9:20 than wait for
first 5 minute candle and entry below 5 minute candle
and revised SL above candle high.
SUNPHARMA 1DThis stock made higher high and higher low.
It broke the channel pattern.
if it breaks the previous higher low ,it goes down SHORT.
Price goes from 760 to 707.
SunPharmaAll details are on chart.
2 Posibilities of Long.
Most likely first will work out.
new buy opportunity at every stage.
SUNPHARMA - Channel pattern - GOOD RR setupSun pharma took good support over TL of Channel pattern. Swing traders can plan trade with SL below the TL and target for upper TL.
bullish view on sunpharmabullish view on sunpharma, good for intraday or short-term
target 797, 800
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bullish continuation chart pattern on sunpharmahi,
bullish continuation chart pattern observed on sunpharma,
max call oi at 820, so breakout above 820 will give good up move.
SUNPHARMA BULLISH For Swing TradingSeller trapped retailer for while ups and down are here now a bull run is expected within 4 months.
SUNPHARMA - Head and ShouldersEntry Price - 795.45
Stop Loss - 819.3
Target - 753.8
Note: For Educational Purpose Only
Sun pharma Head & Shoulder pattern CMP @ 805Perfect head & shoulder pattern in sunpharma like we seen in books....CMP 805....
Sunpharmaone of the best chart in pharma as on date. hold it for few years and you we will a ride like 13-15 !!
[Turtle] SunPharma Buy IdeaNote I am planning to sell 780PE.
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 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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SUNPHARMA ( Swing )Stops taken out, desperate move there; may wait a while to catch breath and accumulate; Eventually the magnets always attract what they want.
Simple Trade Setup | SUN PHARMA | 01-11-2021 [ INTRADAY]NSE:SUNPHARMA
Observations:
1) On daily time frame, it just closed at 50DMA.
50DMA is placed at 795.19 level.
Please refer below chart : 1day Time Frame.
2) Also on daily time frame, as we already know it has been trading in up trend parallel channel.
And it took support from middle trendline of parallel channel.
Please refer below chart : 1day Time Frame.
3) On 1hr time frame, we can see head and shoulder pattern. Necl line is 795-800 level range.
Scenario -1 If it opens above this neckline and goes down then gets support from this neckline then it will be buy trade.
Scenario -2 If it opens below this neckline and goes up then faces resistance from this neckline then it will be short trade.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date 01-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
