SUNPHARMA trade ideas
Sun Pharma Catching SpeedOne can Board sunpharma, has left the station. buy for target previous monthly high
SUNPHARMAThe stock has come out of the falling channel.
Set to rise further in medium term.
CMP: 590
Target: 700, 734, 800
Sun pharma - Very good Bullish structure#sunpharma Looks strong here, Strong Breakout from the current TL
and next resistances shown on chart as targets
Buy SunpharmaStock is looking good if sustains above 595 for the target of 615.
Happy Trading!
InvestPro India Team
SUNPHARMA GOOD BUY SIGNALAfter a huge consolidation/Accumulation in the range 560-580 finally able to close above 580.
And in H/D/W chart bullish candle has been formed.
And in W chart long lower shadow kind of pattern has been formed.
Which indicates that it may go upwards .
Above 604.55 huge short covering possible.
Good buying zone 575-584
Intraday TGT 621.7
Positional TGT 639.35/664
Intraday SL 583.75
Positional Sl 560
Let's see what happen....
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SUN Pharma Breaking out beautifully on the weekly trend line. A close above it this week will confirm the uptrend.
Entry levels will be between 530 to 540 and targets of 580, 620 in medium term.
Charts are for personal trading purpose.
SUNPHARAM looking for a break out.all conditions seems to be favorable.
stock may rise to T1 and more.
in the past pharma rally the stock had not participated.
SHORT WHEN MACD 30MIN SHOW SELL INDICATION FORMING DOWNTREND price action in 5 min time frame :
with 1 : 2 RR minimum
Sun Pharma go Long, Daily in small consolidationFacts behind:
1. Nifty Pharma index box breakout in weekly Time Frame. 1000points up movement possible.
2. Sun Pharma formed trend reversal confirmed (New high formation in monthly Time frame).
3. Daily time frame in consolidation.
FOLLOW THE GOLDEN RULE OF RISK MANAGEMENT.DON'T RISK MORE THAN 2% OF YOUR CAPITAL PER TRADE.
