SUNPHARMA breaks out. Finally, after 10 months of consolidation Sun Pharma had broken out its resistance level on a daily timeframe. We can see a good uptrend from here.
SUNPHARMA trade ideas
#SUNPHARMAShunted till 992 above 972
Shunted tlll 946 if enters 972
Crossing 980 confirms the upside trend till 993
Sunpharma Analysis Stock is trading in a narrow zone after BD, IB BO awaiting, follow chart for proper support and resistance levels.
sunpharma resistance zone 1019-1030#sunpharma astro level 1019..
coming back near supply zone of 1019-1030..
bulls need to be cautious here..
note : above info is for educational purpose
Sunpharma Channel Pattern Sun Pharma is more potent occurs with the breakout. Falling channel pattern breakout either on upper or lower side.....
" MY VIEW ON DOWNSIDE "
Sunpharma - BearishLooks Weak on Charts
Keep upper trendline as SL for the target of lower trendline.
SL: 1015
Target: 950 / 930 / 910
Long Sun Pharmaa strong candle above 1018 on 15 min TF can give a good upside. Do your own analysis before execution, it is for educational purpose only
Short Sun PharmaBreakdown possible below 941. Came out of the channel after quite some time.
Short on Monthly Basis
T1-T3-868-803-721 SL 1000
Monthly Setup 3-6 months
Sun Pharma It has been coming out of Regression Trend, now channel break out candidate
New 52 week high , positional 1200 target
SUNPHARMASUNPHARMA - Channel pattern breakout
Buy above 1005, the target is 1022.
It is just a view, please trade at your own risk.
#Sunpharma cash : Looks good around 990-995#Sunpharma cash -Positional call
04.06.2023
Looks good around 990-995
Stoploss 965
Tgt 1040/1080
Cmp 999.60
SUNPHARMA - Channel pattern break outSUNPHARMA broken the upper trendline in the channel pattern. Looks good for short term move.
CNXPHARMA also break the trend line. Hopefully we can expect some good move in all PHARMA stocks
Short Sun Pharma Sun Pharma is currently trading at 925 levels which is currently in oversold zone.
It may consolidate for a few days as mentioned in the chart itself.
Short position can be opened near 925-940 levels with the stop loss around 945 levels on daily closing basis.
Targets can be considered as 895 & 866 levels.
This is my personal opinion, please do your own research before entering any trade.
Falling wedge pattern reversal in SUNPHARMASUNPHARMA
Key highlights: 💡⚡
📈On 1Day Time Frame Stock Showing Reversal of Falling wedge Pattern .
📈 It can give movement upto the Reversal Final target of above 965+.
📈There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto above 1075+.
SUNPHARMA - #intraday Chart Analysis || 2nd June,2023 #stocksAnalysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 2nd June, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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SUNPHARMA-NOT TO B MISSEDSUNPHARMA made rounding bottom formation pattern on daily charts (which confirms breakout above 993) with good volumes.
Not to be missed breakout as its R:R ratio is very good.
Could be bought with mentioned stoploss & target.
Falling channel sunpharma Price retraced as per fibo 50% so below 967 the 940 to 935 possible, above 990 then 1030 and new High possible .
Not a buying recommendation
SUNPHARMAAfter analyzing SunPharma's stock, there are indications that a potential breakout may occur in the near future
However, it's important to note that stock market investments come with inherent risks, and predicting breakouts or price movements accurately is challenging. It's advisable to consult with a financial advisor or conduct further research to validate the analysis and make informed investment decisions.
Short Sun pharma>>>sell here i draw parallel upside channel on sun pharma chart but you can notice it's given downside breakout.
when breakout is on bigger time frame its more relevant or trustworthy same mankind stocks news is in market that time its ready to go down.
i am looking for bearish sentiments on chart.
Sun Pharmaceutical Industries Limited, commonly known as Sun Pharma, is an Indian multinational pharmaceutical company that manufactures and sells pharmaceutical formulations and active pharmaceutical ingredients (APIs) primarily in India and the United States. Sun Pharma is the largest pharmaceutical company in India and the fifth-largest specialty generic pharmaceutical company in the world.
Bearish sentiment refers to the negative outlook that investors have towards a stock or market. It can be driven by a variety of factors, such as weak financial performance, unfavorable market conditions, negative news, or changes in regulatory environment.
In the case of Sun Pharma, bearish sentiment may be due to factors such as:
Regulatory issues: Sun Pharma has faced regulatory challenges in the past, including FDA warning letters and product recalls. Any further regulatory issues could negatively impact the stock's performance.
Generic competition: Sun Pharma operates in a highly competitive market, and increasing generic competition may affect the company's revenue and profitability.
Dependence on the US market: Sun Pharma derives a significant portion of its revenue from the US market, and any adverse changes in the US healthcare system or regulatory environment could affect its performance.
SUN Pharma Getting Ready for New RallySun Pharma is forming double Bottom on Daily Charts & Getting Ready for New Rally... Downside is Limited & upside potentials very High.
Good Stock for Investment at current Levels for coming few months ROI can be 20-3% in 5-6 Months.
SUNPHARMAi guys, In this chart i Drew My Best Levels in SUNPHARMA for Long position using 4H Time frames.... I found a good level here. I Observed these Levels based on price action and Demand & Supply which is My Own Concept Called "PENDAM ZONES" ... Don't Take any trades based on this chart/Post...because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank Q
