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SUNPHARMA trade ideas
#Sunpharma cash : Looks good above 975.10#Sunpharma cash -Positional call
22.03.2023
Looks good above 975.10
Stoploss 950
Target 995-1000/1040
Cmp 972.05
SUNPHARMA>1000?BUY - SUN PHARMACEUTICALS
CMP - Rs. 957
Target - 1: Rs. 1000
Target - 2: Rs. 1121
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Technicals - Navarro 200 Harmonic Pattern
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Comment: Stock is currently in consolidation.
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SUNPHARMA is at major support level SUNPHARMA is at major support level and closed below 200EMA on a daily time frame
Huge cup and handle in SUNPHARMAIt might possible form a cup and handle before reaching new highs. If correct, huge upmove expected.
SUNPHARMA FORMS CUP AND HANDLEIn daily TF trendline broken
at retest zone of breakout
Cup and Handle in 15min
SUN PHARMA - CUP AND HANDLE PATTERNSUN PHARMA -forming a cup and handle pattern in a long term, let see how it goes, most of the pharma stocks are going down
will buy if trend supports
Sunpharma Turned Very WeakSunpharma Cmp - 984.5
Sell On Any Rise B/w 993 - 1000
SL - 1018 ( Day Closing Basis )
Target - 965/970
Sun Pharma Swing TradeSun Pharma is near Support Zone on daily chart. It is Good Opportunity to take Swing Trade
Entry
We can go long on next candle open.
Target
We can keep target near the next resistance zone as marked on chart.
Stoploss
We can keep the stoploss below the support zone.
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Chart analysis: Long SunpharmaReversal in stock price can be seen based on the following points:
1. Stock is trading in a rising channel and is at the support level in the channel.
2. Respecting support in a falling market.
3. RSI is in oversold zone.
4. At the lower zone in Bollinger bands.
5. Forming double bottom pattern.
Support BreakoutTechnical analysts use support and resistance levels to identify price points on a chart where the probabilities favor a pause or reversal of a prevailing trend.
Support occurs where a downtrend is expected to pause due to a concentration of demand.
Market psychology plays a major role as traders and investors remember the past and react to changing conditions to anticipate future market movement.
Script = Sunpharma
Time Frame = 1 Day
Sun Pharma Price Action behaviourIt has followed this trend line for a long time and broke it. Post that, it again retested the trend line and it's on the verge of breaking last swing low on daily basis. Keep an eye on the stock.
If it breaks the previous low, it will go around 980-930 as after 1000 level it's going to be a steep fall.
1. Level of 980, coincides with a Pivot level
2. There would be call-unwinding if level of 1000 is broken
Simple charts, so that, everyone can understand.
I'll be posting more such ideas like this. Until that, like share and follow :)
Thanks,
Wayfarer.
keep learning and keep earning.
SunpharmaPrice is nearing the support zone 970 - 980. This level is crucial as it will decide the trend direction. Buy above 984 with the stop loss of 978 for the targets 990, 996 and 1002. Sell below 970 with the stop loss of 976 for the targets 964, 958 and 952.
SUNPHARMA LONGProbably you can go long at this momentum with small stop loss for range bond move catch.
intradayboth side potential
no trading zone purple box
upside target 200ema , 2nd target horizontal line
downside 1000rs is a round figure or a psychology number
follow your risk management .
stoploss hit close your laptop
Shooting Star A shooting star occurs after an advance and indicates the price could start falling.
The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open.
Traders typically wait to see what the next candle (period) does following a shooting star . If the price declines during the next period they may sell or short.
If the price rises after a shooting star , the formation may have been a false signal or the candle is marking a potential resistance area around the price range of the candle.
Script = SunPharma
Time Frame = 1 Day
sun pharma 15 min tradeSwing trading ideas
lets, watchout for this stock and see how this trade works out
taking support multiple times,
Buy after breakout of resistance line,
weekly support
Sun Pharmaceutical Industries LimitedSUNPHARMA:- Rounding bottom pattern is formed wait for breakout, keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
triangle break out in Sunpharma Expecting a rally from current price since it broken the triangle.
Risk reward would be 1:1.5
buy with today low as slbuy with today low as sl 987 target 1:1(intraday)
Taking double bottom support and reversed and it also move above the trend line
Also updside rejection at 1005 if this breaks and sustain for about 15 mins then we can expect nice upside move
Sunpharma may go down till 975 SL 1035 timAs per Harmonic PRZ pattern, Sun Pharma may go down till 975 SL 1035
