Highly Bullish on Sunpharma Sunpharma has given a BREAKOUT on MONTHLY BASIS and it is Multi Year high Breakout . Also Time Cycle for this is BULLISH
Even today it has not fallen a lot - Showing Bullishness and Retesting its Breakout Level
SUNPHARMA trade ideas
Approching Multi year resistance 1200Sun pharma is approaching a multi year resistance zone of 1200. Weekly chart is hinting at a classical rounding bottom chart pattern.
SUNPHARMA -- WEEKLY ABCD PATTERN IN CONTINUATION 23/07/23Buy Sun Pharma with Harmonic Pattern on weekly chart (ABCD)
1. Harmonic Pattern ABCD on weekly chart with TGT 1200
2. M/W/D RSI Above 60
3. SL below 1130
Bearish Harmonics In SunpharmaSell PRZ
Bearish Cypher - 1045.15
Bearish Shark - 1057.8
SL - 1073
Target - 1026/1006
If SL Triggers.
Sell PRZ
Bearish Alt Shark - 1088.5
SL - 1107
Target - 1026/1006
Sun Pharma - 5 Point VCP setup to conquer 1070+Here are the key things to see in this setup - and why its picture perfect
Volatility compression before launch from 1000 - classic Minervini style VCP
Higher volumes on the push off from 1000
Momentum on daily turning positive
Earning coming up- obviously people in the know are in
Relentless buying above 1020 - absolutely no pull backs
Go long with caution as this has taken off. But a gorgeous setups like this are rare indeed - even if you dont buy, keep track of it.
Dont chase - buy pullbacks to the 21 ema only
Sunpharma breakout On a daily chart time frame , important resistance zone around 1069 (yellow line marked on chart) has been broken with good volume (higher than average)
On 2 hrly chart a rectangle shaped consolidation has been broken, vol during the consolidation was low , and is high on and after breakout
Rise is seen in ATR on and after breakout, and had an overall rising ATR during the bullish leg
It can be used for short as well as longer time frame i.e. trade can be loosened
Depending on candles tgt can be increased
CUP AND HANDLE SUNPHARAMACUP has been formed and was in process since 2015 .1120 has been a major resistance and further pullback can be witnessed in order to form handle . target can be the depth of the cup which is 1899. right buying time would be after the pullback
SUNPHARMA - 62% RETURNS!!!BUY - SUN PHARMACEUTICAL
CMP - Rs. 969
Target - 1: Rs. 1330
Target - 2: Rs. 1580
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Technicals - Cup and Handle BO
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This is just a view by an expert analyst, please invest at your own risk.
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Sun Pharma Good For More UpsideSun Pharma
CMP : 1097
DISCLAIMER - We are not a SEBI Registered Advisors. This channel is purely for Educational purposes only. We will not be responsible for your profit and loss.
Sunpharma longAfter BO Sunpharma retest and going for 5th wave fo long now with sl of retest candle low
SUNPHARMA TARGET 1198SUN PHARMA weekly uptrend channel all-time breakout from the strong resistance 1069 with day bullish engulfing. If the weekly close above 1069 it will reach the target of 1198
SUNPHARMA 1DTF breakout Sunpharma1dtf Breakout from a beautiful pattern
Its a good opportunity or can enter at a retest of the resistance line
SUNPHARMA GIVING BREAKOUT FROM F&PSunpharma giving breakout from F&P pattern
coming out from long time resistance
huge volume trading above 20ema
for education only
Sunpharma waiting for breakoutLooking good for short term concentrate if price sustain above 1063 in daily..
Sunpharma breaking out of the trend and approaching 1160Sunpharma has broken out of the falling trend and if the momentum continues, the first Fibonacci target would be 1160.
SUNPHARMA - possible correction SUNPHARMA -- Quick up move from 925 to 1050+ levels in 2 weeks.
Based on Harmonic pattern - we can see Bearish Cypher in hourly time frame.
And even though the Market is in a strong uptrend yesterday - we see a fall from 1053 to 1032.
If the trend continues after slight consolidation at 1026- 1018 levels, we should be testing 972 soon.
1024 will be critical for support - keep an eye & trade carefully.
Add to watchlist.
Swing Trading Opportunity in Sun PharmaOn the daily timeframe chart of Sun Pharmaceutical, the price is approaching a resistance zone that has been tested multiple times. As this resistance has been tested multiple times, it may be considered a weak resistance. If the price gives a strong breakout above this resistance zone, it could present a great opportunity to take a swing trade.
For entry, we can go long after a breakout of a strong bullish candle above the resistance zone. It is advisable to initially enter with half quantity, as most breakouts tend to fail. After the breakout, when the price pulls back to the flip zone to take support and then starts moving in the direction of the breakout, we can add the other half quantity. Sometimes, the price doesn't pull back, which is why we enter the trade with half quantity after the breakout candle closes.
Regarding the stop loss, we can keep it below the resistance zone with some buffer.
We can set the target near the all-time high, as it may provide a significant resistance level and a potential area of profit-taking for traders. However, it is important to note that we should also monitor the price action closely and adjust our target accordingly if we see any signs of weakness or reversal in the trend.
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📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Bullish Broadning Pattern
📌 Symbol/Asset: Sun Pharma
🔍 Description: Breakout stock with momentum
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Sun PharmaSun Pharma - Ready to fly
Buy above 1007 | Tgt 1055 | Sl 984
Keep following to catch the moment
Sunparma - Near All time high (Resistance)The information provided in this TradingView post is for educational and informational purposes only. It should not be construed as financial or investment advice. Trading in financial markets involves risk, and past performance is not indicative of future results. The author of this post is not a licensed financial advisor or broker, and they do not provide personalized investment recommendations.
SUN PHARMA longPresently, Sun Pharma is looking good for short-term trading. In the last trading session, the bullish candle has given the breakout of the inside candle and trading above 14 days EMA. And, MACD turned positive.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit and loss
sun pharma This is only for education purpose only. I am not SEBI register. This equity scrip is subject to market risk. Please check your own analysis before you take a trade.
