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Sun Pharmaceutical Industries Limited

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SUNPHARMA trade ideas

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).
NSE:SUNPHARMALong
by pradipandsuvra
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. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert Excited about this analysis? Share your thoughts in the comments below! 👍 Like, Share, and Subscribe for daily market insights! 🚀 #StockAnalysis #MarketWatch #TradingEducation #ichimoku
NSE:SUNPHARMALong
by nikunjbhadja
Bollinger Band as a Dynamic Support/Resistance LevelThis study delves into the significance of the Upper Bollinger Band (UBB) as a resistance level in financial markets, particularly focusing on instances where an asset fails to close above the UBB and the subsequent rallies when such breakouts occur. The Upper Bollinger Band, a technical analysis tool developed by John Bollinger, is a volatility-based band that encapsulates price movement. Traders often use it to identify potential reversal points or the initiation of a new trend. Analysis:- Resistance at UBB: The UBB frequently acted as a formidable resistance level. Prices approach the UBB but fail to close above it, it suggests a strong selling pressure or a temporary halt in the bullish momentum. Breakthroughs and Rallies: Instances where prices successfully close above the UBB are marked by a shift in market sentiment. This breakthrough often triggers increased buying activity, leading to substantial rallies. The phenomenon may indicate a breakout from a consolidation phase or the initiation of a new uptrend. Confirmation Signals: Traders may use additional technical indicators or chart patterns to confirm the significance of the UBB breakthrough. For example, i have drawn a resistance zone. Volatility Expansion: Breakouts above the UBB are often accompanied by an expansion in volatility. This increased volatility contributes to the momentum of the rally, attracting more market participants. in this chart the above phenomenon happened two times and was a successfull entry. While going through charts it has also failed you can see itc and hindustan uniliver where it has failed. So add more confirmations of breakout like volume indicator or momentum indicators like rsi.
NSE:SUNPHARMAEducation
by anuragsahu614
1
SUNPHARMA - Multiyear BO StockSUNPHARMA - Multiyear BO Stock. BO happened after 8 years with Bullish Marabouzo candle at Monthly TF. As per patteren TGT stock can touch 1800 in Coming future. Remember: I am a Price Action Trader and use Price and Volume together with different Timeframes, including RSI, and market conditions. To get best result always wait for confirmation. Focus on Risk Management and Position sizing. I use Trading view for my Analysis and charts Repositories. I could have Or Couldn’t have positions in Sharing Ideas. Treat trading like a business and it will pay you like a business…..!! Hope this post is helpful to community Thanks RastogiG For Tradingview Premium plan, Can go with the below link in.tradingview.com Disclaimer and Risk Warning. I am not Sebi registered analyst. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RastogiG is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RastogiG does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:SUNPHARMALong
by RastogiG
[Positional] SunP Sell TradeNote - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======
NSE:SUNPHARMAShort
by Amit_Ghosh
1
Cup pattern breakoutOn the monthly chart, the stock has recently undergone a noteworthy breakout from a cup pattern. Cup patterns are recognized by a rounded bottom formation, often signaling a potential bullish reversal in market sentiment. The significance of this breakout is heightened when observed on a monthly timeframe, as it provides a more comprehensive view of the stock's long-term trends. Analyzing a breakout on the monthly chart implies a more extended perspective, suggesting that this development could have lasting implications. Monthly chart patterns are generally considered to carry more weight, making them particularly influential in shaping market sentiment over an extended period. From a technical standpoint, the breakout from the cup pattern on the monthly chart implies a potential shift in the stock's long-term trend. This could be interpreted as a positive signal by technical analysts, potentially attracting attention from traders and investors seeking sustained opportunities.
NSE:SUNPHARMALong
by nsdtrading