Sun Pharma View - BreakoutSun Pharma : Intra view
Nice breakout, Stay long only above 1618, immediate support at 1602
SUNPHARMA trade ideas
Head and Shoulders TopIt is preceded by an uptrend. The neckline being at 1544.6, breaking of which leads to follow up of pattern. On the contrary, price breaking 1584.6 will make the pattern invalid.
#Sunpharma cash : Looks good above 1580.10#Sunpharma cash -Positional call
18.03.2024
Looks good above 1580.10
Stoploss 1540
Target 1610/1640
Cmp 1570
SUNPHARMA Prediction for Swing Trading SUNPHARMA Prediction for Swing/ Posional Trading
Breakout at entry (1162) level. Entry can be retest in future.
Sls- according to you RRR.
Targets- 1180,1200,1215,1235,1255,1275,1275,1315,1350,… (more will be updated later if need )
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About SUNPHARMA –
Sun Pharmaceutical Industries Ltd. engages in manufacturing, developing, and marketing of pharmaceuticals products. It offers tablets, capsules, injectable, inhalers, ointments, creams, and liquids. The company was founded by Dilip Shantilal Shanghvi in 1983 and is headquartered in Mumbai, India.
Long opportunity in Sunpharma Sunpharma looks very bullish, Monthly and weekly is on raise and there is CUP and handle pattern in play and daily resent resistance has been broken,
we may look for longs when it come back to test daily resent resistance at around 950/60 levels with stoploss to recent swing low, we may see some resistance at 1000 levels.
-Educational purpose only.
SUN PHARAMA READY TO BREAK 7 YEAR LONG BREAKOUTPATTERN - The stock has consolidated for very long years which in itself shows quite reliability furthermore certain resistance can be faced near the 1194 levels and than breakout can happen a perfect rounding bottom is formed in the stock
TARGET - If the stock gives a breakout it can lead to unprecedented rally till 1970
How to identify a multibagger stock?Ways to identifty a multibagger and a good stock for positional trade:
The stock should fulfill the following criteria
1.It should be from a booming sector and the broader index should be uptrending
2.The relative strength of the stock to Nifty 50 should be in uptrend
3.RSI should be above 40
4.The stock should be in a stage 2 uptrend structure (breakout with good volumes + consolidation --> breakout with good volumes as shown in the structure of sun pharma)
5.The stock should have low volume consolidation.
Many more examples are there from the realty sector and few from the financial sector and I will be uploading them very soon FOLLOW me to get notified when i upload a new idea
Till then,
Happy Trading :)
Sunpharma Ready to breakPlease note this post is just for education, no buying or selling recomended!!!
I shall not be responsible fr your Profit and Loss.
This is just a view.
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
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
Trendline Breakout in SUNPHARMA
BUY TODAY SELL TOMORROW for 5%
Upward Channel With Possibility of Channel Breakout - SunPharmaLong Sunpharma At CMP 1473.
Currently SunPharma is trading at ATH with Channel pattern.
Long March-2024 series and Buy 1500 Feb-2024 series Hold the position until it breaks previous candle low or Market structure.
Sun Pharma Option PLANAll detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 in first target. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
SL Day candle close only, Target Trigger Price
SUN PHARMAAll detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 in first target. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
SL 1Hr candle close only, Target Trigger Price
Sun Pharma Breakout And Retest done with Big Green Candle...Sunpharma Did Came out Of Channel And Given Breakout On 2nd January And then retest the channel yesterday and today given Big Green Candle upclose And It Looks Ready For Target 1372 With Stop loss of 1295
Swing Trade Opportunity in SUNPHARMARefer the chart for Entry,Target and SL.
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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Bullish Breakout in SunPharmaAmid today's 333 points Nifty Selloff, the only Nifty stock gave a bullish engulfing breakout is NSE:SUNPHARMA .
Multi timeframe analysis gives various aspect to be bullish for at least 1:1 Risk-to-Reward target:
In W chart, it's a clear breakout of a rounding bottom patten created over last 8 years (since 2015).
During this course it breaks out convincingly the last all-time-high of 1200 around 2015 Q1.
In D chart, it is trading in a nice up trend channel. Today's candle near-beakout of the upward channel's upper band.
Very high volume in Daily chart
And today's candle is an overwhelmingly convincing Bullish engulf patten.
Trade: BUY above 1405 for a 1500+ target. Keep a SL of 1310 (closing basis).
SUNPHARMA - Ichimoku Breakout📈 Stock Name - Sun Pharmaceuticals Industries Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 1380.
🚨 Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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SUN Pharma Sun Pharma can give a nice up move with decent Stoploss and and a decent Target
entry can be above 1327 for the targetof 1345 and above
Stop loss at 1320 or below
Note: if any trade or value thats gone from the place we decided to enter then thats not our trade wait for it to come back or let it go
I am not sebi registered this is my personal view
SUNPHARMA Extended Extreme Shark# SUNPHARMA #
# SHORT TERM VIEW BEARISH #
# SELL - 1289 : 1268
This is not an investment advice and also please note this is only for education purpose.
So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
rounding bottom patternrounding bottom pattern observed in weekly timeframe of sunpharma may see hadsome returns in future
Sunpharma AnalysisHere's an amazing multi year breakout that came across my screen today!
Let's dive into the details-
CMP is roughly around 1300.
There are 2 ways we can look at this trade-
1) Short Term:
Target- 1350
Stoploss- 1255
2) Medium to Long Term:
Target range: 1450-1500
Stoploss- 1203
However, please make sure to strictly follow the Target range and the stoploss amidst this overbought market.
Let me know what you think.
SUNPHARMALong term uptrend, stock trading at all time highs. The rally is expected to continue till 1750!
SUNPHARMA C&H BREAKOUTSunpharma breaking c&h pattern
with consistently building up volume
macd crossover done
trading at ATH
EDUCATIONAL IDEA
