After 3 year,s bear market in sunpharma a potential bullish break out in weekly chart in downward sloping channel
trend reversal posible & the trade set are positional.
target 1 = 652
target 2 = 720
target 3 = 790
Sl = Below the Breakout Candle
After long decline in lupin. stock create a double bottom formation in daily charts.
Neckline BreakOut at 832.95 & a posible target for lupin is 938.90
also stock trade above 89 ema line.
SL = Below the Break Out Candle at 805 leves.
nifty face resistance at trend line area & also froms important candlesticks pattern like gravestone doji & its is very powerful pattern.
if nifty could not break this trend line,s next few session then a short trend reversal posible & nifty hit lower trend line for support.
after long decline in strides shasun a bounce posible
Duoble Support at 333 zone & aslo froms a inverted hamer type of candlesticks pattern & stochastic made a higher high after extrme oversold zone.
tager 1 = 433 & if 433 breach successfully then target 2 = 494.35 ( 1.618% )
SL = 330 ( Below the inverted hammer )