Bullish Gartley on Sunpharma Bullish gartley on sunpharma on 15 mins
entry-closing above the previous candle
SL-672.50
TARGET1-677.30
TARGET2-679.10
SUNPHARMA trade ideas
Is Sun Pharma Forming a Cup and Handle pattern?Looks like Sun pharma is forming a Cup and Handle pattern. Is it ready for another move?
Guessing to go downthis is a weekly chart and if it follows this trend then , sunpharma would be dull for quite a few days
Buy in 645-655 zone1. The horizontal line witch is at 654 was a resistance in weekly time frame
But now that resistance is broken so it will be support
2. And it will also take support dotted trend line
3. You can keep stoploss below dotted trend line witch is 620
4.and u can expect target of 800
Might retest the resistance after breakoutCan go down till 650-655 and will be a good buy at this rate for a short term target of 700-710.
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Sunpharma channel retracementas we can see after the 18th march the price took a suppport and went back to the resistance level of the channel so we can expect one more retracement after 18 jun 2021.
SUNPHARMA CUP AND HANDLE PATTERN FORMATION IN WEEKLY TIME FRAMESUNPHARMA CUP AND HANDLE PATTERN FORMATION IN WEEKLY TIME FRAME
SUNPHARMA BUY 700/705
TARGETS 860/1200++
SL 640
Sun pharmaAfter a long break of almost 5years Sun pharma is inching towards 2016 resistance near 720-730.
Cup and Handle Bullish continuationPost breakout the Bullish Movement will continue with some retracements making a cup and handle pattern. Expect 720 Levels soon.
SUNPHARMA IMPORTANT LEVELS FOR INTRADAY AND SWINGWATCH SUNPHARMA FOR BREAKOUT AND RETRACE FROM THE MARKED RESISTANCE
