sunpharma sunpharma looks good....all time high....breakout aftera multiple test with good volume....and bounce from 50 ema.....
SUNPHARMA trade ideas
SUNPHARMA Breakout swing TradeNSE:SUNPHARMA Levels are Mentioned in the chart...
Note:
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sun pharma buybuy only on brk out
R2R is not good
but please reduce position Size
after brk out
trade with less quantity
trade is bullish
Sun Pharma annotated intraday chartSimple price action at play. Supply vs demand, good breakout with strong vlume and then retest, spring(crowded/trapped traders) which fuels the momentum in the opposite direction.
SUNPHARMA Swing TradeSun Pharma NSE:SUNPHARMA looks good for a short term swing trade. I have mentioned the targets and stoploss in the above chart. Trade with caution. Thanks. Happy Trading
#Sunpharma cash : Strong buy above 820.10#Sunpharma cash -Positional call
01.09.2021
Sunpharma crossed its resistance 800-805
and closed above it.
Good buy above 820
Stoploss 780 Tgt 940/1000
Cmp 811.30
SUNPHARMA - Parallel Channel BreakoutThe stock was moving in a parallel channel for a few weeks, and has broken out of the pattern today supported with high volumes.
The levels of 854 and 930 look pretty likely if the stock sustains 800 levels.
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SUNPHARMAWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
SunpharmaWhen some of pharma stocks are looking weak, this one is strong. Stock is showing strength by forming rounding bottom. Expecting good move in coming days.
SUNPHARMA --- LONG --- SWINGSun pharma has broken out from a flag and pole structure. Refer the chart for entry, sl and R:R. These are my own opinions. Make your own decisions and trade with proper risk management. Thanks. Cheers.
For long term and short termLooking good for both short and long term accumulate for target 850 soon for short term and target 1010 for long use paper trading for education purpose risk management is most at 1:2.
Decent BuyPrice action (HH-HL) continue on weekly chart
Today given Break out above 804 backed by decent volume.
If tomorrow Sustain above the breakout level would trigger 850 level.
POSSIBLE BREAKOUT CANDIDATEAbove 778, looking good for 791+ Intraday. However, if manages to close above 801, it may see 840/875++ levels pretty soon.
Sunpharma - Breakout after consolidationSunpharma was trading in a range. Volatility was contracting. Today the stock has given a breakout. A low risk setup. Add more at breakout retest level.
SUNPHARMA Breakout Sunpharma witness breakout above 805 after long consolidation with higher volume support zone is 780-770
beware in sunpharmaif it closes below yellow line today , it may fall so stay cautious as it is at harmonic resistance
trade and invest at your on risk
Sunpharma longSunpharma long
Taking support around 50 day EMA
Buy at CMP- 775
SL- 755
Target- 810, 855
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
SUNPHARMA bullish flag breakoutSUNPHARMA bullish flag breakout ....can go for good move above resistance line ........
trading inside the parallel channel
T- 850
SL : 760 ( closing basis)
Reason : Technically poised to touch the upper line of Parallel channel, launching new product.
