Sun Pharma has made multiple bottoms in the last few weeks, for a long term it shows good bounce back if it follows in the next few months.
Entry above the trend line.
SL should be below the support.
Target - 100 points from trend line.
Bank nifty has broken the dow theory concept of Higher low and Higher high in weekly charts.
As per dow theory trend changes when the last higher low is broken, so we can clearly see a trend reversal in Bank nifty.
The last Higher low was - 26560, so if the BnF close below this by end of this week. Then we can expect trend changing.
Also two key Moving averages...
