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SUN PHARMACEUTICAL IND LSUN PHARMACEUTICAL IND LSUN PHARMACEUTICAL IND L

SUN PHARMACEUTICAL IND L

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SUNPHARMA trade ideas

Sun pharma consolidation breakSun pharma has been consolidating after good runup up to 1160 from its low around 950. MACD is showing now good strength as MACD line about to cross its signal line, moreover scrip is trading above its 21 EMA on daily chart which further indicating bullishness in this stock, hence, more risk appetite traders can initiate adding this stock for the target of 1230-40 and more risk avers traders should wait this stock to break it resistance at 1160 with good volume. Place strict SL at 1110-12 as this is a great support for the scrip.
NSE:SUNPHARMA
by Simplecharttraders
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Symmetric Triangle 📌 Symbol/Asset: SUNPHARMA ( Updated ) 🔍 Description: Stock is in a consolidation and making pattern. Soon we can see momentum after breakout !! 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
NSE:SUNPHARMALong
by FiveCircles
1
Sun pharma short setup is one of its major suppliers. The Isra Sun Pharma, which is the largest pharmaceutical company in India by revenue. Sun Pharma has a strong presence in Israel, where it acquired Taro Pharmaceutical Industries in 2010. Taro is one of the leading generic drug makers in Israel and the US, and contributes significantly to Sun Pharma’s earnings. The Israel war may affect the production and distribution of Taro’s products, which may impact Sun Pharma’s performance and reputation.
NSE:SUNPHARMAShort
by biokon70
Symmetrical Triangle Breakout and pull back pattern seenHello Traders and Investors, i hope you all will be doing good. I have seen symmetrical breakout in SunPharma so publishing this..you can take advantage with that. Guy's Sun Pharma is looking good on chart, as it has given a breakout of kind of symmetrical triangle pattern and today price has make a pull back pattern which is going to retest the levels. Price is above 200-EMA which is positive sign for this and MACD also giving bullish crossover.. there is higher chances that we can see this above 1200 in coming few days. So for triangle pattern i already have explained earlier in other stocks. I will add below for your reference. Go and check about this pattern. Important levels for Sun Pharma:- Take from now cmp 1144 Keep stop loss at 1121 Targets we can see in upside 1186/1211++ Let's focus on about company:- Sun Pharmaceutical Industries Ltd is engaged in the business of manufacturing, developing and marketing a wide range of branded and generic formulations and Active Pharma Ingredients (APIs). The company and its subsidiaries has various manufacturing facilities spread across the world with trading and other incidental and related activities extending to global market. It is the largest pharmaceutical company in India. Market Cap ₹ 2,74,508 Cr. Current Price ₹ 1,144 High / Low ₹ 1,170 / 922 Stock P/E 31.1 Book Value ₹ 233 Dividend Yield 1.00 % ROCE 16.4 % ROE 16.6 % Face Value ₹ 1.00 Debt ₹ 6,886 Cr. EPS ₹ 35.2 PEG Ratio 1.18 Promoter holding 54.5 % Intrinsic Value ₹ 518 Pledged percentage 2.29 % EVEBITDA 21.3 PROS Company has delivered good profit growth of 26.4% CAGR over last 5 years Company has been maintaining a healthy dividend payout of 56.0% CONS The company has delivered a poor sales growth of 10.6% over past five years. Tax rate seems low Company has a low return on equity of 14.0% over last 3 years. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou
NSE:SUNPHARMALong
by TraderRahulPal
SUNPHARMA bullish with tgt 1220- 1250 18/09/23Sun Pharmaceutical Industries Ltd. Seems to be trending and bullish for a target of 1220 - 1250 and major trend line support near 1100-1127 levels 1. RSI daily / weekly / monthly above 60 2. Price taking trend line support 3. Narrowing Bollinger bands 4. Price near Upper Bollinger bands 5. Price under congestion for last 3-4 days Disclaimer: I am not an expert I just share interesting charts here, Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix
NSE:SUNPHARMALong
by purisonshuf