SUNPHARMA Looking BullishExpecting a good upside move in SUNPHARMA in upcoming days as stock is sustaining above it's resistance zone .
SUNPHARMA trade ideas
chart patterns Please find different types of chart patterns
1. Pole and flag chart pattern - it is a continuation chart pattern. In uptrend when prices when up upto level then prices got consolidation for some time and again shoot up further. Similarly in downtrend as well.
2. Cup and handle chart pattern - it is a bullish chart pattern. It takes time to form in shape of a cup and its handle. Handle vertical length should be less than half of depth of cup. It is also called multibagger pattern as it gives multiple targets and each target is equal to depth of cup.
sunpharma day tfsunpharma at brekout level, acc to modi gov is setting, it looks like giving a bo, tg will be 1523, 1549+
SunpharmaPrice is testing the trend deciding zone 1520. How price is reacting at this zone is important to decide the trend direction.
Buy above 1526 with the stop loss of 1511 for the targets 1542, 1558 and 1576.
Sell below 1495 with the stop loss of 1510 for the targets 1480, 1465 and 1450.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
SUNPHARMA LONG above 1508Good Delivery Percentage on 24th April with no further falll
In A good Support Area
Stock Above 200 EMA which means Bullish.
Sun Pharma, Stocks to keep in focus for coming sessions Intraday Stocks to Focus for coming sessions
Sun Pharma is showing consolidation from past few sessions
Momentum can come if decisively sustains outside the Range 1640 to 1580
Keep Tracking Charts
* For Educational purposes
Learn and Practice Price Action Setups
sunpharmastock : sunpharma
trade : long (cash segment)
buy @ 1635
sl @ 1613
target @ 1705
note :
this information for education only
Getting Ready for ATHGetting Ready for ATH📊
SUNPHARMA
+ Cup & Handle pattern
+ 2 Inside bars
+ Strong bounce form 20 EMA
+ Above Key EMAs
Sun Pharma View - BreakoutSun Pharma : Intra view
Nice breakout, Stay long only above 1618, immediate support at 1602
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
