SUNPHARMA trade ideas
BUY FOR TARGET 655 & 670 Seems the Pharma sector is at the verge of breakout under this Nifty consolidation phase for the Nifty Support. Sun Pharma is one of them and it gives the breakout today from the past 2 months downtrend.
We have to check for the retracement if any tomorrow and could enter if it sustains above 628 for the initial target of 655 and next level of 677. For short term, SL would be 608.
Note: This is just my analysis or opinion and not a recommendation or promise. I have the right to be wrong.
SUNPHARMARSI above 60 showing strength, GANN 677 sustained, Head and shoulder on daily and cup seen on weekly chart, Pharma index doing good, Good long expected with immediate sl at 677 gann. Parallel channel breakout on daily, strong bullish marubozu like candle.
SunpharmaBuy above 684 with the stop loss of 679. Targets are 689, 694 and 699.
Sell below 675 with the stop loss of 680. Targets are 670, 665 and 660.
Sun Pharma Go LongIntraday Trade: Buy if broke the previous day high.
Go long above 600 with the mentioned SL.
STOCK FOR INVESTMENT SUNPHARMA LTD.Good morning Friends , today we are going to talk about SUNPHARAM stock looking good till it is above 675 level can go for long and hopeful to see new highs. for detail please watch video.
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SUN PHARMA BULLISH CYPHER PATTERNSun pharma on the way to 670 Target line ., check the fib lines how neatly it has respected. 670 See u soon
SUNPHARMA 1W shaped up in beautiful Cup with Handle patternSUNPHARMA shaped up in beautiful Cup with Handle pattern.
pls. wait for Decreasing volume pattern seen during Handle formation.
Levels mentioned on chart & Given targets seems achievable.
Plan your trade accordingly
Sun Pharma: Breakout from a 3 Year High on Weekly ChartNow if it sustains above 680 we can see a big upmove...SL can be INR 665 for the trade
Watchout for ResistanceSun Pharma is involved in the business activities of Manufacture of pharmaceuticals, medicinal chemical and botanical products.
Pharma Stocks are expected to good in the coming months. However, do wait for resistance breakout. Strong Resistance Zone - 670 Levels
sun pharmabreakout of channel with rounding bottom
What do you think?? will you buy this plss tell in comment
Positional--sunpharma long...Sun pharma forming very good base
volume was picking up in uptrend and drying up in consolidation
above 660
target-686-710
weak below 629
fundamentals
Market Cap-- ₹ 154,373 Cr.
ROCE-- 10.5 %
ROE-- 9.06 %
Promoter +institutional holdings-- 87%
Dark Horse of Pharma Sector* 04 years consolidation breakout with high volume .
* Made a rounding bottom chart pattern .
* This is updated chart of sunpharma . Attach the previous chart for referrence .
Sun pharmaStock breaking 2018 high. Rounding bottom BO on chart. Positional view. 1000 level possible.
