As mentioned in my last chart the fifth wave started and most probably it has ended, we can clearly see how beautifully it touched the channel and took the support at the lower channel and price pushed up in the EOD. We would again look for strong impulse upside, further entry price and SL will be updated as market goes live.
This scrip is really in bad shape , and when you check it in Candlestick or Line chart , You will die but never understand whats the hack is happening , but when you turn the same to Ranko or Fixed Range Bars , You might be able to get some idea ,
Now there was lots of talk , Many Point & F chart Masters ware speculating this will likely turn up side , ...
SUN PHARMA TODAY TOUCHED RESISTANCE WAIT FOR UPPER SIDE BREAKOUT IF NOT GO SHORT
BUT SUN PHARMA CURRENTLY TRADING IN 1 WEEK CLOSE RANGE , DONT BE TRAP -- WAIT AND TRADE
FRESH BUY ONLY ABOVE GREEN LINE - SELL BELOW RED LINE - NOTE CANDLE SHOULD TRADE ABOVE ANY LINE
PATIENCE - DISCIPLINE - TRADE
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It is also a bounce trade so if PDH broken then uptrend confirmed and also it can fill the gap upside . If PDL broken then sell .
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high ...
BTST IN SUNPHARMA
ADDED NEW POSITIONS SECOND TRADE IN SUNPHARMA
STOCK HAS BROEKN ABOVE 432 AFTER VERY LONG TIME
SUPPORT RAISED TO 434
JAN FUT TRADE
PLEASE NOTE:TRADE REPEATED
LOOKING GOOD ON THE UPSIDE
As mentioned in my previous sunpharma idea, we were looking to long sunpharma but we waited for proper buy setup, my strategy is always to buy/sell at dip/rise making R:R favorable. Analysis mentioned above.