For Educational Purpose OnlyThis is the chart of SUNPHARMA in 30minTF
it in a Range
Intraday trade
Entry 828
Sl 822
Tgt 837
Important Note: I am just sharing my view. Trade at your own risk
SUNPHARMA trade ideas
#sunpharmaceutical cup and handle weakly breakout positionl longThe stock on weekly chart had earlier broken out of a cup and handle pattern and consolidated post to that to further move up
and now has a momentum reverse divergence which is bullish to take it further up if it works out to happen. However caution need to be maintained
with tight stop loss since the ads trend strength has taken a bent on the top which may be indicating a reduced trending move.momentum
is bullish on medium and long term but short term need catch up move and entry need be made only if u see daily momentum rsi > 60.
Positional entries need consider breakout neckline as stop loss while swing trades should consider previous support levels for exit.
SUNPHARMA LOOKS GOOD FOR SWING TRADE BUY 823-825 TARGET 879 SL 795-DKM SIR
i can see new 52 week high from here good level for buying
target expexted -10-20days
buy and hold as per your risk
SUNPHARMAOn very good support level
we can see more upside levels in future in it
Not any recommendation
thank you ..!
An example to understand CHANNEL PATTERN.Channel patterns and triangle patterns just consist of support and resistance lines.
In a channel pattern, support and resistance lines are "parallel".
For a resistance or support line to be valid or strong there should be at least 3 touchpoints.
In the given chart, there are more than 4 points each that touch the resistance line and support line.
In all 3 situations, the volumes should be more than avg 10-day volume.
Simple Trade Setup | SUN PHARMA | 26-10-2021 [ INTRADAY]NSE:SUNPHARMA
Observations:
let's take look at NIFTY PHARMA index.
1) On Daily time, we can see that it took good reverse from 200DMA and made dragon fly doji.
As per the textbook knowledge, it should work as trend reversal.
We might see good upmove in most of Pharma stock now.
Please refer below chart : 1day Time Frame.
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Now let's look at SUN PHARMA.
1) On 1 Day time frame, today it made kind of Doji candle and also it took support from 50DMA range and closed above 810 level.
Please refer below chart : 1day Time Frame.
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All the levels and most of the trade setup still remains the same as per previous.
Trade Setup for Date 26-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
#Sunpharma cash : Looks good support at 800-805#Sunpharma cash -Positional call
24 OCT 2021
Looks good around 800-810
stoploss 785
Target 860/900
Cmp 812.55
Swing SetupEXPLANATION : This is a 4 hour time frame chart of SUNPHARMA . I am seeing very good selling opportunity in SUNPHARMA because of many reasons . It has a formation of head and shoulder pattern , still It has to be made right shoulder . If taken resistance from supply zone entry no.1 activated , If give a strong breakdown and broke its demand zone with volumes and has retested the same entry no.2 activated . I am bearish on this stock for the coming days . Enter as per your setup .
If you like the analysis give a Like // Follow for more updates , let me know in comments below :)
Question on SunpharmaStock is currently near support of previous resistance.
Remain Positive till trading above 800 levels.
Simple Trade Setup | SUNPHARMA | 22-10-2021 [ INTRADAY ]NSE:SUNPHARMA
Observations:
1) On 1 day time frame, it hold and closed above 21DMA. 21DMA is placed at 811.67 level range.
Level range from 810-812 will work as good support now.
Breakdown of it will lead it to down move.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 22-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | SUNPHARMA | 19-10-2021 [ INTRADAY]NSE:SUNPHARMA
Trade Setup for Date 19-10-2021:
Most of the levels will remains the same as per previous setup.
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Nice channelIn sun pharma stock nice set up for up side move in channel chart taken support many times and goes up then buyers why are you waiting
Dish is on the table
sunpharma above 850 can move 50 to 100 points quickly watching closely in this series nxt 5 days for fno movement.
See How Upflag Pattern WorksBreakout after up flag pattern. Target 890 stop loss 800. This is for educational Purpose only
Took support at 0.5(fibonacci retracement) and reversingLook at the big red candle where it took support and reversing.If we draw fibonacci retracement one can see it took support at 0.5 and reversed.
Head & Shoulder And Triangle BreakoutWatchout for Breakout tomorrow. Everything is mentioned in the chart.
SUNPHARMA FOR POSITIONAL The chart has formed a Head and shoulders pattern. Find details below.
Entry CMP(828). Safe one can wait till the daily candle closes above the neckline.
SL 814
Targets 870.
Happy trading!
SUNPHARMA TRADE SETUP FOR TOMORROWThere is a strong resistance of 840, stock two times reverse from this level,
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And then recovered in a v shaped now again today touched the level and made the breakout candle,
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So tomorrow if share goes above 840, we can buy this trade.
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What's your view on this comment below in the box
