SunPharma good breakout from a Triangular PatternSunpharma is showing a good triangular pattern have a eye on it
SUNPHARMA trade ideas
long on sunpharma (Risky)Reversing from the demand zone go long in Sunpharma with an SL bellow 680 closing
SUNPHARMA LEVELS & TARGETS NSE:SUNPHARMA
SUNPHARMA LOOKS BULLISH.
Recent pattern is bullish flag and pole. And If you look it on chart it has created inverse head and shoulder patter from 27th May to till now and also FRIDAY it crossed above the neckline and tested the neckline and closed at the neckline.
If on Monday it gets proper buying volume then this neckline will act as good support. This neckline is placed at 688 level.
700 is big resistance as most of Call OI is on 700. Once it breaks this 700 then long up move will be there in SUNPHARMA.
LEVELS and TARGETS for long/buy trade area shown on charts.
All the best for trading in next week.
Comment below if my Ideas are helping you to understand the levels.
Also comment your suggestion or doubts.
Sun Pharma-Flag and Pole PatternFlag and Pole Breakout happened. Enter after the retest.
Note:This is just for Educational purpose
Sun Pharma Buy above 672NSE:SUNPHARMA
Buy Sun Pharma only if it closes above 672 and trade above it.
No need to short it at any level.
Sun Pharma both the target hitSunPharma
Both the target hit today. Comment below if you have followed this levels and made profit.
NSE:SUNPHARMA
Avoid Trading tomorrow in Sun Pharma.
SUNPHARMA LONGSunpharma can shoot up with Pharmaceutical sector support
Entry 665
Stoploss around 645
Target 705 and above
R:R (1:1)
10 Star analysis on SUNPHARMA - 10% possible move 👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins
✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows
✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges, and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts
✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
👑 Important levels ( also most of it depends on your entry and mindset during trading hours )
✣ A 1hr close on 685-687 levels can trigger a breakout as explained in the terms section above
✣ Risk of 3% can be taken at the point = 660 points to be specific from entry
✣ Targets can be 1- 722 and 2- 750 for your 5% and 10% up move profit booking of the initiated swing trade
👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
Sun Pharma swing ideaSunpharma in daily timeframe, we can see good momentum if it breaks the above resistance
sell tradesunpharma is looking bearish and gave a trendline breakout and had a retest so sell if form a red candle tommorow
