MARKET ANALYSIS; The pair has now reached the supply zone and has formed a double top. We can expect a further more downward move. If the neck line is broken there can be another downfall towards the next demand zone. So lets wait and see what the market does in the coming days. Cheers!
SUN PHARMA BULLISH ONLY AFTER BREAKING THROUGH RESISTANCE LEVELS OF RS. 480 - RS.500
RIGHT NOW MAY CONSOLIDATE FOR SOMETIME
BREAKOUT ABOVE RS. 500 CAN SEE BELOW LEVELS
TARGET 1 - RS. 536
TARGET 2 - RS. 556 - RS. 564
(CAN SEE STRONG UP MOVE FROM HERE)
SUPPORT RS. 410
STRONG SUPPORT - RS. 390
SUN Pharma :- Sun Pharma is on the Moment of Make or Break, Keep a watch on Levels -
1. Close above 462/ will take stock to a good Uptrend, with Initial Targets of 500-530
2. Unable to Close above 462 & breaking Low of 447, will see a downtrend till 430 & lower.
Keep watch for 1 day Candle of 11-March'19
My previous view on this has not change , Yes the price has corrected by few points , but it has one more move up left in it , and Yes My view is still intact
it will move up , wait for daily pause or doji candle and enter on brake of it for long and book near forecast using trailing stop