SUNPHARMA : Three possible moves from here : SELL My wave analysis suggest a nice down move coming soon..
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SUNPHARMA trade ideas
SUN PHARMA2022 03 11
902
RSI > 60
MACD crossover recently
Close above Upper BB
Resistance breakout (?)
Volume is ok
Sunpharma (Neowave Forecast)NSE:SUNPHARMA
Hi Traders & Investors
In the last forecast we talked about pharma index is its last leg and we will see an positive structure from here. So here is the wave count of sunpharma to compare pharma index with it.
Pharma will be on buy on dips for now.
For more updates keep wathing us.
Thank You
Sunpharma BullishSunpharma Strong Weekly closing indicates rally
may continue further
concentrate if price sustain above 905 in daily
Sunpharma - Looking spicy The setup is approaching multiyear breakout zone..momentum looks good and if it breaks out ..sky will be limit ...
Inside Candle Breakout with support & resistance in Parallel ChaIn daily frame, the price given a inside candle breakout and in weekly chart in uptrend parallel channel with proper support & resistance.
The entry , stop loss and target mentioned in chart.
Inside Candle (821-847)
15min Chart
NIFTY PHARMA
Thanks
Sun Pharma - Positional Trade Idea - Buy (Target 895)Scrip Name: Sun Pharma
Setup: 52 Week High / Breakout / Positional Trade in Uptrend
Entry zone - 750 - 830
Support zone 1 (750 - More positions can be added in this zone if your risk allows),
Support zone 2 - 650
Stoploss - Prices moving below 650 should wake us up
Note: Sun Pharma Promoters has a pledging of 6.36%. Any increase in this (beyond 10% should be a deal breaker)
Additionally in coming weeks expect markets to be more Volatile, meaning the corrections will also be sharp.
Enter in fresh trades only if your pocket allows to face deep cuts and drawdowns and add more positions.
Please trade and invest based on your risk profile.
[Buddha] SUNPHARMA Inside Bar TradeLong 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 or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
sunpharma 15 min type 1 market or flag n pole the market is in the strong move now so wait for 15min candle to close then big movement in the hand
Intraday set up sun pharma on march 9thSee the chart and prepare your own trade
Always keep risk reward more than 1:2
Maximum 2 trades in a day
Don’t take revenge trades
sunpharma price volume studysunpharma volume came and price moved in faster space...
when price (engine) gets the volume (fuel) it gives bigger movement...
price moved up for wave "e" and made high near 862
SUNPHARMA - 12% PROFIT POTENTIALIt is on a great trend right now
following all Moving Average and chart patterns that it is going to go UP .
Good time to buy
Sunpharma Bullish reversalTaking support over the lower TL of the channel pattern. Looks good at cmp for swing trade with a decent RR of 1:2.5X . Trade with small qty looking at the global concerns.
SUNPHARMAThis stock has been in uptrend since long time. It retraced from its all time high and rebound from its support which was resistance earlier. Buy above 835, TGT 900, SL 795. For educational purpose only. Kindly contact your financial advisor before entering any trade.
Swing Opportunity in Sun PharmaGo Long above 837.05 for Targets of 859.1, and 881.15 with SL 815
Reasons to go Long :
1. On a Daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. In addition to this a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.5 Fibonacci level.
3. Also there is a strong Trendline (marked with green color), from which the stock is taking support and moving up.
SUNPHARMA ANALYSISAscending Triangle intact.
If candle close above $850.
We can take & hold until it reach $875/$897 & $1002.
Pyramiding is the best option now.
Long #SUNPHARMA for TGT - 890 , Swing Trade- Reason - 120 DMALong #SUNPHARMA for TGT - 890 , Swing Trade- Reason - 120 DMA
Post Analysis of My TradeI have traded this stock yesterday...
And Today also I have found opportunity to trade this,
when it made first long shadow candle in 15 minute time frame after consolidation.
SunPharma Trade Opportunity for Next Week (21-Feb onwards)1 Day Time Frame :
1. Sunpharma may give some correction from here
2. Look for trade setup in intraday
Disclaimer :
> This analysis is for educational purpose only.
> Keep an eye on global market as well, trade as per market condition.
Sunpharma BearishThere was a small range from 2nd Feb 2022 - 11th Feb 2022 which has been broken and stock faced resistance from that range and is currently resting above 20 sma. Sunpharma will go into a bearish trend if the daily candle on 21st march will close below 20 Sma.
For targets shift to weekly chart:-
T1 - 815 (20 sma line)
T2 - 785 (Trend line is being formed since 23rd March 2020 which hasn't been broken yet so we can expect reversal from there)
This is for educational purposes only. I post to test my view. Do not Trade on my idea's 100% loss guaranteed.
