Sun Pharma Waiting For Breakout On Daily TimeframeSUN PHARMA SHOULD GIVE AN UPSIDE BREAKOUT SOON AS IT HAS MADE A SYMMETRICAL TRIANGLE ON 1 HOUR TIMEFRAME.
After if it closes above 790 level with good volume it is a signal to buy (delivery trade) . And also it has formed higher highs and higher lows on 1 hour timeframe.
SUNPHARMA trade ideas
Sun Pharma- Broke Major Resistance | Positional IdeaHighlights:
1. Broke out of a major resistance
2. High volume on Breakout
3. Bullish market structure
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
About the Company:
Sun Pharmaceutical Inds. Ltd is an international specialty pharma company. The company also makes active pharmaceutical ingredients. In branded markets, their products are prescribed in chronic therapy areas like cardiology, psychiatry, neurology, gastroenterology, diabetology, and respiratory. The company is engaged in the manufacturing of products in the following therapy areas: CNS disorders, Cardiology, Diabetes, and Metabolic disorders, Gastroenterology, Ophthalmology, Oncology, Pain, Allergy, Asthma, and Inflammation, and Gynecological.
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.