SUN PHARMA BREAKOUTGiven a clear ascending triangle Breakout go long target 1 : 649 target 2: 670+++
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SUNPHARMA trade ideas
SUNPHARMA - Bearish SharkBearish Shark pattern forming on Weekly Chart of SUNPHARMA. SELL 641, SL 680.1, Target(s) - 606, 595.
Sun Pharma - Vanilla Analysis !Probability on the sell-side is very low. The sector is in a strong uptrend.
Some selling can be seen near buy target. Institutions might be active around the zone as a lot of retailers would try to trade the breakout and will be trapped as all the SL orders would be executed. (In this case, SL is nothing but sell orders in the market) which would dump the stock faster.
I will short the stock near the target after exiting the buy position.
Here, buying is from the point of view of the retailer and selling is from the point of view of the institution.
The red dotted line would be my stop for selling (This is a risky trade as the trade doesn't follow the regular market logic). Closing above that would eliminate my idea.
Will update any change during market hours.
Sun PharmaSun Pharma has given triangle breakout with a good delivery volume. All indicators are indicating bullish trend ahead, Target of triangle breakout comes to 730.
Stay long on Sunpharma Sunpharma looks bullish from here. Best for Swing trading. Crossing the resistance beautifully and green candle above 44 MA, RSI above 55 EMA and RSI above 60. Good trade for around 10 days if market supports
DARK HORSE * After a long consolidation in Pharma sector now this sector IS finally wake up and Most underperforming stocks is Sun Pharma .
* In Technical Price action analysis this stock after a long consolidation now ready for breakout the level is 660.0 .
*Closing above 660.00 i am super bullish in this stock and i am also try to pre-attempt this breakout with small qty and with proper risk and money management .
* Technical Evidences - 06 years Long term trendline breakout and also made rounding bottom chart pattern .
This my view in this stock for educational Purpose only.
Kindly Let us Know if you have any Question .
Sunpharma 1D Chart AnalysisMy personal view on Sunpharma.
As pharma sector is performing good. We can see a Leader of Pharma sector " Sunpharma" Gives a beautiful Breakout From Trendline & its support level.
with a higher volume it conforms that sun pharma can give good rally to its 700 level in short term.
Swing trade ready for 1-2 week in SunpharmaGood amount of consolidation at the end of a downtrend shows bullish pressure. The chart shows strong Rsi bullish divergence, 9-20 EMA cross, Macd cross. Entry: 582(close of 15/60 min candle) upside target: 600/620/640/650.
Sunpharma Good short candidateSun Pharma Spot cmp 627
Bearish Bat pattern formation
prz in range 627-631
Good short candidate
SUN PHARMACEUTICALFUNDAMENTALLY it's a good stock to hold for the long term, But it's not the right time to BUY because based on P/E 61.81 (Below 24 is safe) it's highly expensive.
Technically it's BULLISH since it SUPPORT from 563 LEVEL.
30th March 2020 This UPTREND is continued.
on 12th FEB 2021 Rejected from 654 LEVEL become RESISTANCE LEVEL.
654 RESISTANCE STOP LOSS for SHORT SELL
563 SUPPORT 1
552 SUPPORT 2
SUN PHARMACEUTICAL - Straight Rise or Fall before Rise ? | SwingStock has been bullish in last 3-4 sessions.
There are 2 possible scenarios mentioned in chart, you can trade accordingly depending on if stock breaks the upper TL immediately or breaks it in next few days after bouncing from lower TL.
Keep in radar for April !!
Sun pharma at a bullish breakout with a great bullish hammer.Sun pharma is forming a very very bullish pattern. Looking at various indicators like RSI and chart patterns, it is clearly visible it will go bullish.
The immediate target should be 226.
And Long-term investors can also hold it for a very very big upside move.
Sun Pharma ( Breakdown & Retest ) @ 622/Sun Pharma Has Given a Breakdown & Currently Retested @ 622 on Daily Chart
A Good Opportunity to Short With a Small Stop Loss of 644 & a TGT of 572 , 552
Only For Educational Purpose |||
Sun PharmaSunpharma: daily chart at the edge of neckline breakout/triangular breakout with apna wala candle formation (bullish Candle stick pattern) with good closing in last treading session keep it on radar above 613 for short term (5 days). t1-621/628/635 with support of 605.90
Sun Pharma Morning star patternMorning star pattern on daily chart which is bullish sign...can consider long with SL 575 CB for T 620/640...
SUNPHARMA looking BUllISHSUNPHARMA is looking bullish for coming days. Broken out of the trend line with strong closing, but keep the check because next important resistance is near.
